Atmel® Corporation (NASDAQ: ATML), a leader in microcontroller and touch technology solutions, announced that it has completed the sale of its Serial Flash memory product lines to privately-held, Adesto Technologies Corporation. The transaction covers the Atmel AT45XXX ("Data Flash") and AT25XXX ("BIOS Flash") product families and employee teams supporting those products. Terms were not disclosed. Needham & Company acted as exclusive financial advisor to Atmel on this transaction.
Atmel Corporation (Nasdaq: ATML) is a worldwide leader in the design and manufacture of microcontrollers, capacitive touch solutions, advanced logic, mixed-signal, nonvolatile memory and radio frequency (RF) components. Leveraging one of the industry's broadest intellectual property (IP) technology portfolios, Atmel is able to provide the electronics industry with complete system solutions focused on industrial, consumer, communications, computing and automotive markets.