Comprehensive M&A data with integrated detailed company information
Dialog snaps up Silego Technology
Posted on Friday, 06 October 2017 10:09
UK-based Dialog Semiconductor is buying configurable mixed-signal integrated circuit products (CMICs) manufacturer Silego Technology for USD 306.40 million.
The payment consists of USD 276.00 million in cash and an additional contingent consideration of up to USD 30.40 million.
Projected to complete in the fourth quarter of 2017, the acquisition is subject to customary closing conditions.
Dialog is expecting the deal to increase earnings per share for 2018 as well as its gross margin.
The mixed signal integrated circuits manufacturer originated from the European operations of International Microelectronic Products in 1981.
Headquartered in London, the firm now has 1,800 employees worldwide and is listed on the Frankfurt Stock Exchange.
It posted net income for the six months ending 30th June 2017 on an International Financial Reporting Standards basis of USD 40.20 million, compared to USD 159.70 million for same timeframe last year.
Jalal Bagherli, chief executive of Dialog, said: “With global scale and customer access, Dialog is the right platform to further accelerate industry wide CMIC adoption.”
The transaction furthers Dialog’s plans to expand its presence in computing, automotive and Internet of Things (IoT) markets.
Silego Technology specialises in CMICs that allow the integration of multiple analog, logic, and discrete component functionality into a single chip.
Headquartered in Santa Clara, California, the privately-held firm has 235 employees and operates in Taiwan, China, Korea and Ukraine.
Zephyr, the M&A database published by Bureau van Dijk, shows there have been 779 deals targeting semiconductor and related device manufacturers announced worldwide since the beginning of this year.
The most valuable of these deals closed in September, when Pangea acquired Japanese steam turbine manufacturer Toshiba Memory for USD 17.71 billion.
Other companies in the sector to have been targeted include Tsinghua UniGroup and NVIDIA, in deals worth USD 7.27 billion and USD 4.00 billion, respectively.
© Zephus Ltd