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Silicon Labs buys analog mixed-signal IC firm for $80M

Posted: 27 Jun 2008 ?? ?Print Version ?Bookmark and Share

Keywords:analog mixed-signal IC? short-range wireless? power solution? acquisition?

Silicon Laboratories Inc. has signed a definitive agreement to acquire Silicon Valley-based Integration Associates, a provider of analog-intensive, highly integrated ICs, for net $80 million. Integration Associates brings a diverse portfolio of connectivity, wireless and power solutions, quality revenue and nearly 100 engineers to Silicon Laboratories.

Integration Associates' portfolio is aligned with Silicon Labs' objective to broaden system content within existing applications and to enter new markets. Specifically, the acquisition augments Silicon Labs' R&D investments currently in place in short-range wireless, a large market that includes home automation, remote keyless entry and automated meter reading applications. This is an untapped market for Silicon Labs where Integration Associates has developed products, expanding customer base and growing revenue stream.

Integration Associates' products will also accelerate Silicon Labs' expansion into the audio subsystem, a natural extension of the current broadcast audio portfolio. In addition, its power portfolio is a strategic addition to Silicon Labs' nascent power product line, which is in the early stages of revenue ramp.

"This acquisition will enable us to address new product vectors, accelerate time to revenue for current investments and further scale our engineering team with the addition of an experienced group of mixed-signal design and application engineers," said Necip Sayiner, president and CEO of Silicon Labs. "Additionally, good quality revenue and attractive growth potential further enhance our operational profile as we expect this transaction to be accretive in 2009."

"We have developed a solid business based on innovative technology, and we're at a key inflection point with new products," said Jean-Luc Nauleau, CEO of Integration Associates. "The timing is right for us to leverage the sales channel and infrastructure of a larger company and Silicon Labs is the perfect partner. Our technology focus and core competency are well aligned with Silicon Labs' capabilities, and we will also have an opportunity to jump start a number of very promising new products as a result of the combination."

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