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ON Semiconductor Finalizes Acquisition of Quantenna Communications

ON Semiconductor has successfully completed its previously announced acquisition of Quantenna Communications, for $24.50 per share in an all cash transaction.

ON Semiconductor Finalizes Acquisition

The combination of Quantenna’s industry leading Wi-Fi technologies and ON Semiconductor’s leadership in power and analog semiconductors, coupled with the combined company’s broad sales and distribution reach, creates a formidable platform to address connectivity applications in industrial, automotive, and carrier markets, stated the company in its release.

“I am pleased to welcome the employees of Quantenna to ON Semiconductor, and I look forward to the opportunities this acquisition will create for our customers, shareholders, and employees,” said Keith Jackson, president and chief executive officer of ON Semiconductor.

Quantenna will be integrated into ON Semiconductor’s Analog Solutions Group, headed by Vince Hopkin.

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Jyoti Gazmer

A Mass Comm. graduate believes strongly in the power of words. A book lover who dreams to own a library some day. An introvert but will become your closest friend if you share mutual feelings about COFFEE. I prefer having more puppies over humans.

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