Last week , Microsemi Corp. announced its acquisition of the telecom clock generation, synchronization, packet timing and synthesis business of Maxim Integrated Products. Financial terms were not disclosed.
The acquired product lines and technology target the delivery of time-sensitive voice, data and multimedia traffic over wireless and wired networks.
Microsemi said the acquisition will provide its customers with the critical synchronization components required to harmonize system and network clocks, as well as the synthesis products required to distribute timing clocks throughout each system.
"This business, acquired from our colleagues at Maxim, is the perfect complement to the highly sought-after synchronization and timing products we obtained in the Zarlink acquisition," said James J. Peterson, Microsemi president and chief executive officer. "We believe the two pieces fit like a glove and allow us to better serve our customers with the broadest high-end synchronization and timing technology portfolio in the market today. Here at Microsemi, we don't just want to participate in these attractive markets, we want to lead them."
- In September 2011, after multiple offers and counter offers, Microsemi and Zarlink reached a merger deal valued at approximately US$525 million, net of Zarlink's cash. Zarlink developed mixed-signal chip technologies for a broad range of communication and medical applications. Its core capabilities include timing solutions that manage time-sensitive communication applications over wireless and wired networks, line circuits supporting high-quality voice services over cable and broadband connections, and ultra low-power radios enabling new wireless medical devices and therapies.