Dialog acquires iWatt for $310million
With an eye on the burgeoning led solid state lighting market, Dialog Semiconductor has signed a definitive agreement to acquire iWatt for $310million in cash.
Headquartered in Silicon Valley, California, iWatt specialises in digital power management ics (pmics) and has approximately 180 employees worldwide.
The company's PrimAccurate technology platform is designed to enable energy efficient, small form factor and cost effective solutions for markets such as ac/dc power conversion and led solid state lighting, areas Dialog is now hoping to expand into.
Jalal Bagherli (pictured), the company's ceo, commented: "This acquisition underscores Dialog's strategy to diversify our markets and growth opportunities through select strategic acquisitions.
"We see the acquisition as highly complementary to our existing pmic business enabling Dialog to address adjacent emerging power management segments, including cutting edge ac/dc solutions for next generation fast portable chargers as well as ics for led solid state lighting."
