Mergers and Acquistions News
Categories: Semi-Conductors
March 27th 2009, 15:27PM
National Semiconductor has announced the acquisition of Act Solar.
Act Solar is a solar energy company which provides power optimisation services for commercial and utility-scale solar installations.
Financial terms regarding the transaction were not disclosed.
Through the acquisition of Act Solar, the semiconductors company says it adds new diagnostics and panel monitoring capabilities for solar arrays to its product portfolio.
Mike Polacek, senior vice-president of National Semiconductor's key market segments, commented that the company is positioned to drive new energy generation in the market.
He said: "With Act Solar we can further improve the performance and efficiency of solar systems, at the same time providing monitoring capabilities not available before.
"This will make solar installations more efficient and ultimately reduces the cost of solar energy for everyone."
With headquarters in California, National Semiconductor makes energy-efficient analogue and mixed-signal semiconductors, boasting sales of around $1.89 billion (£1.32 billion). 
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