Corporate Acquisitions

Data Center Equipment Firm Mellanox to Buy Voltaire for $218M

Web Host Industry Review |

In Brief...

Data center equipment firm Mellanox Technologies (www.mellanox.com) announced on Monday it will acquire fellow networking technology provider Voltaire (www.voltaire.com) for about $218 million.. Mellanox's board says it intends on nominating Voltaire chairman and CEO Ronnie Kenneth to join its board at its annual general meeting of shareholders, which will likely be held in May 2011.. "The combination of Mellanox and Voltaire will create a leading provider of connectivity solutions for our customers by leveraging the complementary strengths of our companies," says Eyal Waldman, president, chairman and CEO of Mellanox Technologies. Under the agreement terms, Voltaire shareholders will receive $8.75 for each ordinary share of Voltaire that they hold at the closing of the transaction.. J.P. Morgan acted as exclusive financial adviser to Mellanox, while Bank of America Merrill Lynch acted as exclusive financial adviser to Voltaire..

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