News agency Reuters reports that Dialog Semiconductor has announced its intention to buy the German-based Creative Chips GmbH for a cash payment of US $80 mln with an additional $23 million contingent on revenue targets in 2020 and 2021.
With this latest acquisition, Dialog is well on its way to strengthen its Internet of Things (IoT) portfolio.
Headquartered in Bingen close to Frankfurt, Germany, with an additional design center in Dresden, Creative Chips is a fabless semiconductor company that supplies a broad portfolio of industrial Ethernet and other mixed-signal products to manufacturers of industrial and building automation systems.
Via: Reuters