Status:  Clearance


Acquirer:  Reliance Industries Limited (India)

Acquired:  Radisys Corporation (US)

Value:  Approx. US$74 Million

Industry:  Telecommunications

On June 29, 2018, Radisys Corporation, a US based telecom solutions provider, entered into a merger agreement with Reliance Industries Limited, a company organized and existing under the laws of India involved in hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and telecommunications, and Integrated Cloud Orchestration (ICO), Inc., an Oregon corporation and a wholly owned subsidiary of Reliance Industries Limited.   (See Radisys Corporation Form 8-K, July 2, 2018, SEC Filing.)  “Radisys has nearly 600 employees with an engineering team based out of Bangalore, India, and sales and support offices globally.”  (Press Release, Radisys Corporation Form 8-K, Ex-99.1, July 2, 2018, SEC Filing.)  CFIUS Approval was a condition to closing the transaction.  (See Section 6.1(d), Agreement and Plan of Merger, Radisys Corporation, Form 8-K, Ex-2.1, July 2, 2018, SEC Filing.)  On November 30, 2018, Radisys Corporation “announced that the Committee on Foreign Investment in the United States (CFIUS) completed its review of the planned acquisition of the Company by Reliance Industries.”  (Press Release, Radisys Corporation, Nov. 30, 2018.)