Marvell closed its acquisition of Radlan Computer Communications, a provider of embedded communications software based in Israel. Marvell said its portfolio of networking chipsets combined with RADLAN's networking software uniquely positions the company to fuel the next wave of growth for its communications systems customers.
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- In February 2003, Marvell first announced plans to acquire Radlan. Marvell, which previously owned 9% of Radlan, offered a combination of cash and shares of Marvell common stock valued at $49.7 million based on the 05-Feb-03 closing price of Marvell in exchange for the remaining outstanding shares of Radlan capital stock and employee stock options.
