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Israel-based Valens Semiconductor Ltd., has acquired Acroname Inc.

Art Post · 6/4/249:16 PM

BOULDER — Israel-based Valens Semiconductor Ltd., (NYSE: VLN) has acquired Acroname Inc., a Boulder-based company specializing in advanced automation and control technologies. The purchase price for the acquisition was $7.8 million in cash, plus $1.3 million in cash held by Acroname at closing. The purchase price is subject to a post-closing adjustment for net working capital. In addition, Valens is obligated to pay earnout payments of up to $7.2 million depending on achievement of certain...

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Israel-based Valens Semiconductor Ltd., has acquired Acroname Inc.

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