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AnalogicTech acquires IPCore's subsidiary and power biz for $21.5M

Posted: 06 Nov 2006 ?? ?Print Version ?Bookmark and Share

Keywords:Advanced Analogic Technologies Inc.? Analog Power Semiconductor Corp.? IPCore Technologies Corp.? AnalogicTech? AP Semi?

Advanced Analogic Technologies Inc. (AnalogicTech) has completed its acquisition of the power management analog business of IPCore Technologies Corp., including IPCore's subsidiary Analog Power Semiconductor Corp. (AP Semi) and certain related assets.

AnalogicTech paid $21.5 million for the acquisition, of which the agreement it announced early September.

"This acquisition will allow us to diversify our product line into higher voltages and expand into new markets without relinquishing our leadership position in the markets we currently serve," said Richard Williams, president, CEO and CTO of AnalogicTech. He added that AP Semi's switching regulators are highly complementary to their own.

The acquisition of AP Semi doubles AnalogicTech's engineering staff and expands its presence in China with a fully-staffed design center in Shanghai. AP Semi's product portfolio is complementary to AnalogicTech's and will augment its offering of switching regulators and LED drivers, according to AnalogicTech's announcement.

"By establishing a Shanghai-based design center, AnalogicTech will increase its presence in Asia and deliver more comprehensive local design support to its customers in China, Japan and Taiwan," said Williams.

"We are very excited about this opportunity and believe that by melding our engineering and sales expertise into the AnalogicTech family, together we can serve a wider array of customers across the leading markets in Asia," said Brian Chiang, Chairman and CEO of IPCore.

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