SAN FRANCISCO -- Analog and mixed-signal chip vendor Exar Corp. said Monday (July 8) it acquired rival Cadeka Microcircuits in a cash and stock deal worth at least $29 million.
Cadeka (Loveland, Colo.) designs, develops, and markets precision analog integrated circuits for use in industrial and high reliability applications, Exar said. The firm also provides precision operational amplifiers, instrumentation amplifiers, comparators, filters, and data converter products to electronic equipment manufacturers in the medical electronics, aerospace, test and measurement, surveillance and industrial control markets, Exar said in a statement.
The transaction, which closed July 5, includes $29 million to be paid in a combination of cash and stock, as well as potentially more depending on revenue achieved by Cadeka, Exar said.
Gary Ross, Cadeka's president and CEO, will join Exar and report directly to Exar President and CEO Louis DiNardo, Exar said. Ross will serve as vice president and general manager of high performance analog products, at Exar.
"The Cadeka team has worked together in various formations for the better part of 25 years and brings to Exar deep product and design experience in the area of high-performance and precision analog circuit design and product development," DiNardo said in a statement.