Exar buys high precision analogue specialist Cadeka
1 min read
Analogue and mixed signal specialist Exar has acquired Cadeka Microcircuits for $29million in cash and shares. The agreement also includes an earn out element. Cadeka, which develops precision analogue devices for industrial and high reliability applications, has its origins in Comlinear in the early 1980s.
"The Cadeka team has worked together in various formations for the better part of 25 years and brings to Exar deep product and design experience in the area of high performance and precision analogue circuit design and product development," said Lou DiNardo, pictured, Exar's president and ceo. "Cadeka's products provide best in class performance and, in many cases, are direct or indirect replacements for solutions from Analog Devices, Linear Technology, and National Semiconductor."
According to Gary Ross, Cadeka's president and ceo: "No learning curve will be needed for either team as we share the same rich history and commitment to excellence in high performance and precision analogue product design and development. The combined company will build on Cadeka's success in Asia and penetrate the large market for precision analogue components in North America and Europe." Ross has been appointed vice president and general manager of high performance analogue products with Exar.
