Dialog Semiconductor to acquire Atmel
Combines leadership positions in power management, MCUs, connectivity & security
Dialog Semiconductor, London UK, has agreed to acquire Atmel Corp., San Jose CA, in a cash and stock transaction for total consideration of approximately $4.6-billion. The acquisition creates a global leader in both power management and embedded processing solutions.
The transaction results in a fast growing and innovative powerhouse, supporting mobile power, IoT and automotive customers. The combined company will address an attractive, fast growing market opportunity of approximately $20-billion by 2019.
Dialog will complement its leadership position in power management ICs with a leading portfolio of proprietary and ARM based microcontrollers in addition to high performance ICs for connectivity, touch and security. Dialog will also leverage Atmel’s established sales channels to significantly diversify its customer base. Through realized synergies, we expect the combination will deliver an improved operating model and enable new revenue growth opportunities.
“By bringing together our technologies, world-class talent and broad distribution channels we will create a new, powerful force in the semiconductor space,” says Dialog CEO Jalal Bagherli. “Our new, enlarged company will be a diversified, high-growth market leader in mobile power, IoT and automotive. We firmly believe that by combining power management, microcontrollers, connectivity and security technologies, we will create a strong platform for innovation and growth in the large and attractive market segments we serve.”