EZChip OKs $811m acquisition by Mellanox

Mellanox says deal is the largest high-tech acquisition between two Israeli companies.

January 20, 2016 19:16
1 minute read.

The logo of Mellanox Technologies is seen on one of its office buildings in Yokneam. (photo credit: REUTERS)


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief


Shareholders at EZchip late Tuesday night approved the company’s $811 million acquisition by Mellanox, a deal Mellanox says is the largest hi-tech acquisition between two Israeli companies.

“With the receipt of the necessary shareholder approval, we are pleased to be another step closer to completing the acquisition of EZchip,” said Mellanox president and CEO Eyal Waldman.

Be the first to know - Join our Facebook page.

The acquisition, he added, would enhance the company’s scale and profitability by broadening its product portfolio and adding “critical embedded processing intellectual property and know-how.”

The EZchip shareholders approved the deal, which was announced in September, by an overwhelming 84 percent.

The NASDAQ-listed Mellanox, founded in 1999, supplies solutions and services for servers and storage.

EZchip, founded the same year and also listed on NADSAQ, provides network processor and multi-core processor solutions.

Mellanox, which had a dual listing on the Tel Aviv Stock Exchange, raised eyebrows in 2013 when it announced plans to delist and trade solely on NASDAQ. Until that point, it had been one of the largest companies traded on the TASE.


As a result of the deal, EZchip will also delist from TASE.

Mellanox says that the merger, which is expected to be completed in February, will not result in any serious layoffs or employee downsizing.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Workers strike outside of the Teva building in Jerusalem, December 2017
December 18, 2017
Workers make explosive threats as massive Teva layoff strikes continue