Advanced Power Technology (APT), the Oregon-based power semiconductor developer, is buying GHz Technology, a Silicon Valley supplier of RF power transistors.
GHz Technology's products are sold into the semiconductor production equipment, radar, avionics and wireless comms markets. The products can switch between frequencies in the range 10MHz to 3.5GHz, and complement APT's existing range of power transistors which operate in the frequency range 1MHz to 100MHz.
APT is issuing 1.48 million shares and $13.3m for the company, valuing the deal at around $29.1m -- or $388888 for each of GHz Technology's 75 employees.
Patrick Sireta, CEO of APT, said: "By combing the two RF product lines APT will have comprehensive RF silicon technology coverage. Together we will increase our critical mass and expand our technology base."