Swissbit to be Acquired by Ardian
May 18, 2020
Ardian acquires majority stake of Swissbit, intends to expand embedded storage and memory business in North America, Asia.
Swissbit Holding AG, a Swiss embedded storage provider, is to be acquired by private investment firm Ardian. Ardian will acquire a majority stake, while Swissbit's existing management team will retain a substantial stake in the company. Financial terms of the transaction are subject to approval by antitrust authorities and were not disclosed.
Based in Bronschhofen, Switzerland with a state-of-the-art production facility in Berlin, Germany, Swissbit is the only independent European provider of NAND flash storage solutions. The company develops high-end SD cards, microSD cards, SSD drives, and USB memory modules. The company was purchased through a buyout of Siemens Memory division in 2001.
Swissbit currently has more than 700 customers. The acquisition by Ardian will help strengthen the company into North America and Asia.
For more information, visit www.swissbit.com or www.ardian.com.