MARKHAM, Ontario—ATI Technologies said it will spend as much as $44 million to acquire Bitboys Oy, a Finland-based developer of graphics hardware for wireless devices.
ATI provides graphics processor units for PCs, laptops, videogame consoles and mobile phones, and generated $2.22 billion in revenues last year. The company said it will integrate Bitboys’ 40-plus employees into its Handheld Business Unit, using Bitboys’ offices in Finland as a design center.
“Bitboys dovetails into ATI perfectly,” said Paul Dal Santo, general manager of the Handheld Business Unit. “Handsets are transitioning to hardware acceleration for graphics and multimedia, and the Bitboys team will play a crucial role as we drive this key inflection point to make ATI the platform of choice for content providers.”
The companies said the deal is subject to certain performance-related conditions.
