Dialog Semiconductor to acquire Atmel for $4.6 Billion
- Transforms Dialog into a global leader in both Power Management and Embedded Processing with $2.7 billion of combined revenues (1);
- Diversifies customer base across Mobile Power, IoT and Automotive markets;
- Combines leadership positions in Power Management, Microcontrollers (MCUs), Connectivity and Security to deliver comprehensive Internet of Things (IoT) platforms;
- $150 million of projected annual cost synergies expected to be achieved within two years;
- Combination is expected to be accretive to underlying EPS in 2017, the first full year following closing.
LONDON and SAN JOSE, Calif., Sept. 20, 2015 -- Dialog Semiconductor (DLG.DE) and Atmel Corporation (ATML) announced today that Dialog has agreed to acquire Atmel in a cash and stock transaction for total consideration of approximately $4.6 billion. The acquisition creates a global leader in both Power Management (2) and Embedded Processing solutions. The transaction results in a fast growing and innovative powerhouse, supporting Mobile Power, IoT and Automotive customers. The combined company will address an attractive, fast growing market opportunity of approximately $20 billion by 2019.
- Published: 21 September 2015
- Written by Editor