NORWOOD, Mass.—Analog Devices Inc. will purchase privately held, South Korea-based Integrant Technologies Inc. for $127 million. The move will bolster ADI’s portfolio with Integrant’s low-power radio-frequency chips for mobile television, according to the two companies.
The acquisition is expected to increase ADI’s revenue by about 1 percent of sales in each of the next few quarters, the companies said.
ADI is a mixed-signal chip vendor for analog-to-digital converters and amplifiers with about 8,500 employees worldwide. The company serves the mobile handset and network sector as well as markets for digital entertainment, automotive and industrial and medical products. Its main competitors in mobile communications are Texas Instruments Inc. and Infineon Corp.
Integrant is known for low-power digital multimedia broadcast (DMB) tuners it now supplies to mobile-phone vendors in South Korea, which leads the globe in terms of mobile TV deployment. Integrant also makes chips for the DVB-H mobile TV standard and the new ISDB-T standard in Japan.
The deal calls for the $127 million in cash, plus up to an additional $33 million if certain milestones are met. Integrant, with 78 employees, possesses more than 100 patents and patent applications.
