Analysis
Diodes enters into agreement to acquire power analog microelectronics
Diodes today announced that it has entered into an agreement to acquire Power Analog Microelectronics, Inc. The acquisition is expected to close in the fourth quarter of 2012. The terms of the transaction were not disclosed.
PoweDr Keh-Shew Lu, President and CEO of Diodes said, The acquisition of Power Analog Microelectronics will strengthen our position as a global provider of high- quality analog products by expanding Diodes' product portfolio with innovative filter-less digital audio amplifiers, application-specific power management ICs, as well as high-performance LED drivers and DC-DC converters. The highly complementary nature of our businesses will provide immediate benefits to our customers, while generating long-term value for our shareholders and employees.
Johnston C. Chen, President and CEO of Power Analog Microelectronics added, With both companies focused on high-efficiency, space-saving analog IC products, there are tremendous synergies to be leveraged through the acquisition. The resulting expansion of product portfolios and access to a larger customer base and even greater application expertise are clear advantages to next generation product design.