Today NVIDIA announced that it has reached a definitive agreement under which NVIDIA will acquire Mellanox. NVIDIA will acquire all outstanding common shares of Mellanox for $125/share in cash, which comes out to $6.9 billion. The two companies have worked together for some time and now will be able to combine leadership, technology, and research.
The two companies currently power half of the world top 500 supercomputers in various ways with their respective technologies. They will now be united on this front. The technologies will also give huge advantages to customer as they begin to tackle emerging workloads such as AI and data analytics. NVIDIA sees data centers of the future as giant compute engines with tens of thousands of compute nodes, designed holistically with their interconnects for optimal performance. If they are correct, today’s acquisition puts them in a good spot to reap the benefits of this change. The company goes on to state that the acquisition will enable better optimization of all parts of the data center for higher performance and lower operating cost.
Customer sales and support will not change as a result of this transaction. Nor will NVIDIA change its investment in Israeli talent. The acquisition is expected to be immediately accretive to NVIDIA’s non-GAAP gross margin, non-GAAP earnings per share and free cash flow.
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