LONDON SiRF Technology Holdings Inc. (San Jose, Calif.), a provider of GPS-enabled location technology, has agreed to acquire radio frequency integrated circuit design services company Kisel Microelectronics AB (Stockholm, Sweden).
Kisel was founded at the end of 1999 under the name of BlueChip IC Design AB by radio frequency chip designers from Ericsson. The deal, a mix of cash and stock, would cost up to $33 million, SiRF said. The transaction is expected to close this quarter.
Designers at Kisel have extensive experience of radio, analog and mixed signal integrated circuit design and the company has been involved in the development of radios using a range of process technologies such as silicon-germanium BiCMOS, pure bipolar and CMOS, SiRF said. Kisel has completed designs in the Bluetooth, WiMAX, WLAN, W-CDMA, UWB, GSM/PCS/DCS areas, SiRF added.
"The Kisel acquisition is a strategic part of our vision to deliver reliable location information in a world of increasing wireless connectivity. SiRF's multimode A-GPS architecture, implemented in wirelessly connected systems such as mobile phones, telematics and mobile computers, allows for a very rich location-enhanced experience for users," said Kanwar Chadha, founder and vice president of marketing for SiRF, in a statement.
SiRF said it would establish SiRF Technology AB (Sweden) as a wholly owned subsidiary of SiRF Technology Holdings, and that all 19 employees of Kisel would join SiRF. The team in Sweden will continue their design services work for selected key customers and will also work in conjunction with the SiRF RF engineering team in San Jose, California on new product developments. The managing director of Kisel, Tomas Melander, would become managing director of SiRF Technology AB, SiRF said.