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Silicom Ltd.
SILCSILC today announced that it
has entered into a definitive agreement to acquire ADI Engineering, a
privately-held, US-based provider of high performance, high-quality,
first-to-market Intel-based products targeted at the SDN, NFV, IoT,
Cloud computing and Virtualization trends.
Under the terms of the agreement, Silicom will pay ADI's stockholders
$10 million in cash at closing, and an additional consideration subject
to the attainment of certain future performance milestones. The
transaction has been approved by the Boards of Directors of both
companies and is subject to customary closing conditions. The
transaction is expected to close in the fourth quarter of 2015. Silicom
expects the acquisition to be accretive to earnings per share
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