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Elina Electronic Engineering's Newsletter - January 2018
Silicon Labs Announces Definitive Agreement to Acquire Sigma Designs Inc.
- Cash transaction valued at approximately $282 million - Z-Wave expands Silicon Labs' wireless connectivity technologies for the smart home - Combines world-class talent and IP portfolios to drive innovation - Subsequent to divestiture and restructuring actions, Silicon Labs expects the transaction to be accretive on a non-GAAP basis
Sigma Designs provides solutions for the connected home including Z-Wave, a leading Internet of Things (IoT) technology for smart home solutions. Z-Wave supplies some of the world's largest ecosystems of smart home IoT products with more than 2,100 certified, interoperable devices available from more than 600 manufacturers. The addition of Z-Wave will expand Silicon Labs' wireless connectivity portfolio and worldwide customer base for the connected home.