Transaction will enhance SensorDynamics product pipeline and foster sustainable growth
GRAZ, Austria--(BUSINESS WIRE)--SensorDynamics, a specialist in MEMS and wireless semiconductor products, announced today that it was acquired by Maxim Integrated Products, a recognized leader in analog and mixed-signal semiconductor products.
Maxim Integrated Products, headquartered in Sunnyvale/California, is in Fortune 1000, and is included in the Nasdaq 100, the Russell 1000, and MSCI USA indices. Maxim is paying approximately $130 million plus the assumption of about $34 million in debt to acquire SensorDynamics.
In the near term, this acquisition enables SensorDynamics to focus on its engineering strength for MEMS and wireless semiconductor products, while making use of Maxim Integrated Products' considerable manufacturing, distribution and sales infrastructure. This will quickly make the combined company a leading competitor in the inertial sensor, wireless connectivity and sensor interface markets.
SensorDynamics' strength in inertial MEMS sensors, automotive smart-key semiconductor solutions, its pioneering position in the fast-growing energy harvesting market, and its fail-safe automotive know-how including access to key automotive customers, have been some of the deciding factors for Maxim Integrated Products.
"Maxim is a recognized leader in analog integration, and this acquisition extends Maxim's integration strategy by enabling us to fuse many types of sensors with our analog technology. The strategic integration of sensors, analog functions and low power wireless connectivity will allow us to deliver end-to-end mixed-signal solutions that provide our customers with better performance, smaller form factors and lower system costs," said Tunc Doluca, Maxim's President and Chief Executive Officer. "The result will be a unique combination of technologies that will eventually enable a whole new generation of intelligent machines. We're thrilled that SensorDynamics is joining us."
Hubertus Christ, SensorDynamics' chief executive officer, noted: "Maxim Integrated Products is a leading, multibillion dollar semiconductor company with the mission to deliver innovative semiconductor solutions that add value to customers' products. Both Maxim and SensorDynamics share a common vision, values and strategy. This transaction will enable SensorDynamics to enhance its product pipeline and foster sustainable growth well into the future. SensorDynamics' management team is pleased to be a part of the integration and we look forward to the next stage in a very exciting business. This is a great opportunity for all our talented engineers now and for a long term future."
Contacts
SensorDynamics AG
Herbert Gartner
Tel: +43 (0)3182 40160-0
E-Mail: hga@sensordynamics.cc