PLX completes acquisition of Oxford Semi

LONDON — PCI Express Internet chip specialist PLX Technology Inc. (Sunnyvale, Calif.) has closed its acquisition of Oxford Semiconductor, Inc., a privately held fabless provider of silicon and software for the consumer and small office/home office storage markets, in a deal worth $14.2 million.

PLX said mid December it planned to buy all the outstanding shares in the British founded group.

Oxford's unaudited revenues for the first nine months of 2008 were $29 million. The company's corporate headquarters are in Milpitas, California, with most of its employees based at a design center in Abingdon, near Oxford.

We are pleased with the speed and efficiency of the acquisition's completion, as it will expedite our providing both PLX's and Oxford’s worldwide customer bases with a broad, cohesive array of market-leading interconnect and consumer-focused I/O solutions," said Ralph Schmitt, CEO at PLX.

Oxford Semi was established in 1992 and provides a broad range of semiconductor hardware and software solutions that enable seamless device-to-device interconnectivity.