Smart Global announces entry into embedded computing market through acquisitions
SMART Global Holdings announced that it has entered the embedded computing market through two acquisitions; Artesyn Embedded Computing, the embedded computing business of Artesyn Embedded Technologies, and Inforce Computing.The acquisitions are expected to be immediately accretive to EPS. "These acquisitions represent another milestone in SMART Global's strategy to drive growth and earnings through synergistic M&A," commented Ajay Shah, Chairman and Chief Executive Officer of SMART Global Holdings. "These will become part of the SMART Specialty Computing business as the products and customers added are complementary to our existing business, expand SMART's target market opportunity and enable the company to cross sell its existing products to new customers." "Artesyn EC strengthens our product offerings and high-reliability technologies in embedded computing requirements," noted Mr. Shah, "We are also excited to have Artesyn EC's experienced engineering, sales and marketing teams join SMART Global." SMART Global Holdings also announced today that it has acquired Inforce Computing, Inc. ("Inforce"), a privately held provider of modular embedded computing and IoT solutions targeting applications in Medical Imaging, Video Conferencing, AR/VR Computing, IIoT, Commercial Drones and Robotics. "We look forward to leveraging Inforce's engineering talent to further develop leading edge system-on-module and single board computer products for IoT applications," added Mr. Shah.