Mellanox Technologies completed its previously announced acquisition of privately held IPtronics A/S, for $47.5 million in cash.
IPtronics’ current location in Roskilde, Denmark, will serve as Mellanox’s first R&D center in Europe. Mellanox expects to expand its customer support presence within Europe from this location.
Mellanox said the acquisition enhances its ability to deliver complete end-to-end optical interconnect solutions at 100G and beyond.
“Our acquisition of IPtronics further solidifies our strategy to provide full end-to-end solutions for the server and storage interconnect. Together, we expect to continue to offer faster interconnect solutions at 100Gb/s and beyond, with higher density and lower power at a lower cost,” said Eyal Waldman, president and CEO of Mellanox Technologies. “I look forward to the opportunities this union brings. We welcome the IPtronics employees into the Mellanox family and their expected contribution to Mellanox’s continued growth.”
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- IPtronics A/S was established end 2003 by former Managers, Innovators and Technical Staff from GIGA A/S.
