United States – Leadis Technology Inc. has announced the acquisition of Acutechnology Semiconductor Inc., a privately held analog semiconductor company specializing in power management technologies for industrial and consumer markets. The acquisition, completed in late December 2007, is expected to enhance Leadis’ current analog product portfolio, adding about 20 products, patent-protected innovative intellectual property and an experienced analog product development team.
Under the agreement, Leadis acquired Acutechnology for $5 million in cash and will pay Acutechnology employees that are joining Leadis bonuses in future periods for achieving performance goals on newly introduced products. Leadis expects much of the purchase price will be recorded as intangible assets in its Q4 results.
The Acutechnology team will join Leadis immediately. Paolo Menegoli, Acutechnology’s CEO, will lead Leadis’ power management products team.
Note: All price quotes in this report are in US dollars unless otherwise specified. FOB prices were provided by the companies interviewed only as reference prices at the time of interview and may have changed.