MANHASSET, NY Analog Devices Inc. has acquired privately-held AudioAsics A/S, a Danish mixed-signal specialist. The deal could boost ADI's low-power audio solutions for MP3 players.
AudioAsics develops high-performance, low-power microphone and audio signal conditioning technology.
ADI (Norwood, Mass.) paid approximately $19 million in cash in exchange for all outstanding shares of AudioAsics. Contingent upon achieving certain milestones, ADI would also be obligated to pay up to an additional $8 million.
AudioAsics was founded in 2003 in Roskilde, Denmark. Danish investors include Vaekstfonden, SEED Capital Denmark and Hvista.
ADI said it will create a center of excellence in Roskilde for low-power audio implementation which will be staffed by 18 audio designers from AudioAsics .
Analog Devices will expand AudioAsics' facility in Bratislava, Slovakia. AudioAsics CEO Michael Deruginsky will remain with ADI, working in its audio group.
AudioAsics is currently shipping products that support both electret microphone and MEMS-based microphone products. Microphone shipments are projected to reach more than 2.5 billion in 2008, according to The Information Network, while MEMS-based digital microphones will account for the majority of microphone shipments by 2010.