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7 months ago
BRIEF-Semtech takes minority stake in Avanquest unit myDevices
January 6, 2017 / 6:54 AM / 7 months ago

BRIEF-Semtech takes minority stake in Avanquest unit myDevices

Jan 6(Reuters) - Avanquest SA :

* Said on Thursday that American company Semtech has entered into the capital of its subsidiary myDevices with a minority shareholding

* Semtech's investment is in the form of a financing round of up to 10 million dollars to be finalized within the next six months for a fully-diluted post-money valuation of 31.3 million dollars (29.8 million euros)

* Agreement will also allow myDevices to have the industrial support of Semtech

Source text: bit.ly/2iWTOYl

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