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Maxim ventures smart meter market via Teridian

Posted: 14 Apr 2010 ?? ?Print Version ?Bookmark and Share

Keywords:smart grid? smart meter? power management?

Maxim Integrated Products Inc. has entered into a definitive agreement to acquire privately-held Teridian Semiconductor Corp. for approximately $315 million in cash.

The acquisition helps Maxim's position in providing energy measurement and communications electronics to the smart meter market. Teridian has 50 percent share in the fast-growing SoC energy measurement market. Its SoCs, which integrate highly-accurate analog front-end, microcontroller and display driver, are quickly replacing discrete solutions.

Maxim plans to build on Teridian's market position to accelerate sales of its power management, real-time clock and interface products, as well as security IP, which are all required in Smart Meters. Additionally, the company will leverage Teridian's market position to accelerate the adoption of its G3 Powerline Communications (PLC) products for use in smart meters and high-reliability smart grid deployments worldwide.

Maxim CEO Tunc Doluca remarked, "Global smart grid investment is essential to use power plants and transmission networks more efficiently. Energy measurement and grid communications are key components of the smart grid and necessitate the deployment of new electronic meters to replace older meters worldwide. The addition of the Teridian team and product line to Maxim will significantly accelerate our penetration in this fast-developing market and will help us maintain our balanced business model."

Teridian CEO, Jerry Fitch commented, "Teridian is working with manufacturers to enable the global trend toward improving energy efficiency and conservation via ubiquitous energy measurement. As part of Maxim, we will be able to provide more comprehensive solutions to these customers."

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