ROHM acquires Powervation for $70m
ROHM has announced that it has completed the acquisition of Powervation for approximately $70million. The combination of Powervation's Intelligent Digital Power platform with ROHM's analogue power technology and global market access will enable the company to address a range of market opportunities in digital high density systems and ICs such as processors, memory, FPGAs, and ASICs.
According to market research reports, digital power continues to progressively displace traditional analogue technology in the $11b global power management IC market driven by its performance and energy efficiency advantages.
"The combination of our two companies will enable ROHM to develop industry-leading, integrated digital power solutions to serve a broad range of customers, markets, and applications spanning the entire spectrum from Computing and Communications to Consumer and Industrial," said Jun Iida, head of LSI development and member of the ROHM board of directors.
Powervation will become a fully owned subsidiary of ROHM, which plans to accelerate product development through investment and synergies with ROHM analogue / discrete power technologies and to increase market adoption by leveraging its global customer base and channels.
Mike McAuliffe, ceo of Powervation said: "We have built an innovative Digital Power IC company to date but the combination with ROHM now presents a compelling opportunity for broad market leadership in Digital Power Management solutions."
Pic: Mike McAuliffe, ceo of Powervation
Source: www.newelectronics.co.ukPrevious news All news of day Next news
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