Adesto plans to buy Echelon
On Friday, June 29, 2018, Adesto Technologies publicly announced the acquisition of Echelon. Adesto, a leading supplier of application-specific semiconductors for the IoT sector, stated in a press release that it was possible to commit to the final agreement with Echelon to acquire the company. Echelon has over thirty years of experience in developing open network platforms for connecting, monitoring and controlling devices in commercial and industrial applications.
With the acquisition of Echelon, Adesto plans to establish itself as a market leader in semiconductor and communication systems for IoT markets, especially for industrial IoT, explains Narbeh Derhacobain, CEO of Adesto in the press release.
Gesytec congratulates Adesto on the successful acquisition of Echelon and Echelon on the successful sale of its business. With Adesto as a semiconductor manufacturer, we see great potential for the future of Echelon and look forward to future technical developments.
You can read Adesto’s press release here.