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IXYS to acquire Clare for $55M

Posted: 26 Apr 2002 ?? ?Print Version ?Bookmark and Share

Keywords:Clare? discrete component? IC? high-voltage IC? solid state relay?

Power semiconductor manufacturer IXYS Corp. has agreed to acquire Clare Inc., a designer and manufacturer of high-voltage ICs, solid state relays, mixed-signal ASICS and driver ICs.

Both parties believe that the addition of Clare's products to IXYS' existing product lines will create the industry's premier line of discrete components and ICs and position the combined company to meet a broader range of customer needs in a variety of vertical markets worldwide.

Nathan Zommer, founder and CEO of IXYS, said, "we expect that Clare's outstanding products, talented employees, strong reputation and market presence will contribute to a strong combined company that will serve as a vehicle for innovation in the semiconductor marketplace."

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