SensorDynamics acquired by MaximJuly 19, 2011
Transaction will enhance SensorDynamics product pipeline and foster sustainable growth.
GRAZ, Austria, -- SensorDynamics, a specialist in MEMS and wireless semiconductor products for the automotive, industrial and high-end consumer market, announced that it was acquired by Maxim Integrated Products, a recognized leader in analog and mixed-signal semiconductor products.
Maxim Integrated Products, headquartered in Sunnyvale, CA, is in Fortune 1000, and is included in the Nasdaq 100, the Russell 1000, and MSCI USA indices. Maxim is paying approximately $130 million plus the assumption of about $34 million in debt to acquire SensorDynamics.
In the near term, this acquisition enables SensorDynamics to focus on its engineering strength for MEMS and wireless semiconductor products, while making use of Maxim Integrated Products' considerable manufacturing, distribution and sales infrastructure. This will quickly make the combined company a leading competitor in the inertial sensor, wireless connectivity and sensor interface markets.
SensorDynamics' strength in inertial MEMS sensors, automotive smart-key semiconductor solutions, its pioneering position in the fast-growing energy harvesting market, and its fail-safe automotive know-how including access to key automotive customers, have been some of the deciding factors for Maxim Integrated Products.
"Maxim is a recognized leader in analog integration, and this acquisition extends Maxim's integration strategy by enabling us to fuse many types of sensors with our analog technology. The strategic integration of sensors, analog functions and low power wireless connectivity will allow us to deliver end-to-end mixed-signal solutions that provide our customers with better performance, smaller form factors and lower system costs," said Tunc Doluca, Maxim's President and Chief Executive Officer. "The result will be a unique combination of technologies that will eventually enable a whole new generation of intelligent machines. We're thrilled that SensorDynamics is joining us."
Hubertus Christ, SensorDynamics' chief executive officer, noted: "Maxim Integrated Products is a leading, multibillion dollar semiconductor company with the mission to deliver innovative semiconductor solutions that add value to customers' products. Both Maxim and SensorDynamics share a common vision, values and strategy. This transaction will enable SensorDynamics to enhance its product pipeline and foster sustainable growth well into the future. SensorDynamics' management team is pleased to be a part of the integration and we look forward to the next stage in a very exciting business. This is a great opportunity for all our talented engineers now and for a long term future."
About Maxim Integrated Products
Maxim Integrated Products is a publicly traded company that designs, manufactures, and sells high-performance semiconductor products. The company was founded over 25 years ago with the mission to deliver innovative analog and mixed-signal engineering solutions that add value to its customers' products. To date, it has developed over 6400 products serving the industrial, communications, consumer, and computing markets.
Maxim Integrated Products reported revenue of approximately $2.0 billion for fiscal 2010. A Fortune 1000 company, Maxim Integrated Products is included in the Nasdaq 100, the Russell 1000, and the MSCI USA indices.
SensorDynamics is a semi-fabless semiconductor company that focuses on innovative sensor solutions for high volume applications in automotive, industry and high-end consumer sectors. SensorDynamics develops and supplies fail-safe micro and wireless semiconductor products for automotive, industry and high-end consumer key accounts and is certified under ISO/TS 16949. The company acts as a general contractor with in-house MEMS production and cooperates closely with leading international technology partners. With headquarters in Lebring near Graz, Austria, SensorDynamics has subsidiaries in Italy and Germany and a world-wide sales network.
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