ADI strengthens RF portfolio with Hittite acquisition
Looking to strengthen its RF and signal conversion chip offerings, Analog Devices has agreed to buy Hittite Microwave, the US provider of ICs, modules, subsystems and instrumentation for digital, RF, microwave and millimetre wave applications, for $2billion.
"Hittite's strength in RF, microwave, and millimetre wave technology complements ADI's RF and signal conversion expertise," said Vincent Roche, ADI's president and CEO. "Our combined capabilities will enable us to bring more complete solutions to our customers and address more of the industrial, communications infrastructure and automotive markets."
The deal is expected to close in the third quarter of this year.
Hittite's president and CEO Rick Hess, commented: "I look forward to joining Analog Devices and I am confident our combined efforts will accelerate the course of innovation throughout cellular and microwave communications infrastructure, automotive, industrial instrumentation, aerospace and defence."
