Mellanox Completes $811M Acquisition Of EZchip

February 25, 2016 | Israeli end-to-end connectivity solution provider Mellanox Technologies has completed the acquisition of EZchip Semiconductor for $811 million ($606 million net of cash). Provider of high-performance processing solutions for carrier and data center networks, EZchip fits into  Mellanox’s strategy to become the leading broad-line supplier of intelligent interconnect solutions for data centers. The combined company will deliver diverse and robust solutions, enabling customers to meet growing demands of data-intensive applications used in high-performance computing, Web 2.0, cloud, network security, data center, enterprise, telecom, database, financial services and storage environments. As of today, each outstanding share of EZchip ordinary shares shall be deemed to have been transferred to Mellanox, entitling the holder to receive $25.50 in cash without interest and less any applicable withholding taxes. Following the merger, EZchip shares will be delisted from both Nasdaq and the TASE.