NORWOOD, Mass. Analog Devices Inc. announced Friday (June 30) that it will acquire BCO Technologies plc (Belfast, Northern Ireland) to increase its focus on optical devices for communications applications. The analog chip maker said it will trade stock, valued at $150 million, for BCO, a producer of integrated circuit wafers for micro-mechanical optical components.
The acquisition is part of Analog Devices' efforts in recent years to accelerate growth in optical network products, said Jerald G. Fishman, president and chief executive officer of the company, based here. "Micromachine technology will become increasingly critical as networks evolve to all-optical transmission modes," Fishman said.
Fishman said his company's advanced micromachine technology, coupled with integrated analog and mixed-signal IC technology integrated on the same devices, "uniquely positions ADI to become an important vendor to the optical network market." He said BCO is a leader in thick-film bonded wafers and silicon-on-insulator (SOI) technology, which will further enhance Analog Devices' position.
The acquisition is expected to be completed in August, following a vote by shareholders of both companies. BCO employees 90 workers at its factory in Belfast.