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Hittite Acquires Arctic Silicon Devices, a Mixed-Signal IC Company
CHELMSFORD, Mass. — January 19, 2011 — Hittite Microwave Corporation (Nasdaq:HITT) today announced it has acquired Arctic Silicon Devices, a developer of advanced mixed-signal integrated circuit (IC) technology, located in Trondheim, Norway. The acquisition price was approximately $12.0 million in cash and equity.
The acquisition provides Hittite with new IC design and integration capability and a state-of-the-art product line of analog-to-digital converters (ADCs). Arctic Silicon Devices has successfully designed and launched innovative, multifunction low power ADC products which target high performance applications, including test and measurement systems and communication infrastructure. The employees of Arctic Silicon Devices will continue to work at their existing facility.
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