Mergers and Acquistions News
Categories: Semi-Conductors
December 7th 2009, 17:15PM
IXYS Corporation, a developer of power semiconductors and mixed-signal integrated circuits, has entered into a definitive agreement to acquire embedded microcontroller unit Zilog for approximately $62.4 million (£38 million).
Under the terms of the agreement, IXYS will acquire all of Zilog's outstanding shares for $3.58 (£2.18) in cash and the transaction is expected to close by March 31st 2010.
The combination of the two firms is expected to align a number of complementary technologies, allowing the new entity to leverage analogue power management with digital control.
"With the expected rebound in MCU sales in 2010, we anticipate a growth in opportunities for refined power control in many applications," commented Dr Nathan Zommer, founder of IXYS Corporation.
"The acquisition and integration of this MCU business will strengthen our position and allow us to take advantage of these opportunities."
Earlier in the year, IXYS was named among the largest corporations in the San Francisco Chronicle's Chron 200 list.
Related News
Categories
- BPO (32)
- Hardware (118)
- IT Services & Consulting (227)
- Media & Information Services (167)
- Semi-Conductors (77)
- Software (230)
- Telecoms (331)
Archive
- February 2012 (0)
- January 2012 (1)
- December 2011 (20)
- November 2011 (20)
- October 2011 (20)
- September 2011 (20)
- August 2011 (20)
- July 2011 (20)
- June 2011 (21)
- May 2011 (20)
- April 2011 (18)
- March 2011 (21)