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Silicon Laboratories Inc Agrees To Buy Energy Micro For $170 Million-DJ


Friday, 7 Jun 2013 07:22am EDT 

Dow Jones reported that Silicon Laboratories Inc has agreed to buy Energy Micro AS, the Oslo-based maker of energy friendly microcontroller and RF transceivers, for $170 million, a move the chip maker billed as accelerating its growth opportunities while giving it a foothold in the market for energy-friendly embedded solutions. Under the deal's terms, shareholders of Energy Micro will receive an upfront payment of $115 million in cash, plus about $55 million in deferred and earn-out consideration. The deal is expected to close in July. 

Company Quote

46.5
-1.33 -2.78%
23 Jul 2014