Summary
Analog Devices, Inc. (ADI) announced on June 7, 2006, its agreement to acquire Integrant Technologies, Inc., a privately-held South Korean company specializing in high-performance analog circuits for reconfigurable radio frequency (RF) signal processing. Integrant is a leading provider of low-power radio tuners for mobile, computer, and consumer devices to receive digital television and radio. This acquisition is expected to strengthen ADI's position in the RF market and enhance its product portfolio for broadband wireless and digital broadcasting applications. The acquisition is valued at approximately $127 million in cash, with potential for an additional $33 million tied to performance milestones. ADI anticipates the transaction, which has board approval from both companies, will close within 60 days, subject to regulatory approvals and customary closing conditions. The integration of Integrant is expected to contribute approximately 1% to ADI's revenue in the coming quarters and will see Integrant's operations become a product line within ADI's high-speed signal processing organization.
Key Highlights
- 1Analog Devices (ADI) to acquire privately-held Integrant Technologies, Inc. for approximately $127 million in cash plus potential milestones.
- 2Integrant Technologies is a South Korean innovator in high-performance analog RF circuits and a leading supplier of low-power radio tuners.
- 3Acquisition aims to bolster ADI's capabilities in reconfigurable RF signal processing and digital broadcasting technologies.
- 4Integrant's expertise in low-power RF tuners complements ADI's existing intellectual property in analog and digital signal processing.
- 5Transaction is expected to close within approximately 60 days, pending regulatory approvals and customary conditions.
- 6The acquisition is projected to add approximately 1% to ADI's revenue in the near term.
- 7Integrant's organization will be integrated into ADI's high-speed signal processing business unit post-acquisition.