Gennum has agreed to acquire PC interface chipset specialist Tundra Semiconductor for Canadian $86m ($69.5m).
Gennum specialises in chipset aimed at the video broadcast market and the acquisition of Tundra will allow it to address the computing, storage and telecoms markets.
Tundra develops bridges and switches using RapidIO, VME, SDI and HDMI standards, as well as in PCI Express.
“Tundra’s strong position with leading communications systems OEMs, particularly in the telecommunications market will result in increased opportunities for the combined company to grow its business,” said Dr. Franz Fink, President and CEO of Gennum.
Gennum will also gain from Tundra’s presence in high-growth regions such as Asia and China.
“We believe that the acquisition of Tundra will create a much stronger combined company, capable of expanding the served markets and applications for our products,” said Daniel Hoste, president and CEO of Tundra.
Gennum said it will now bring to market new products that support industry-pervasive protocols such as PCI Express, Serial ATA/SAS, USB, DisplayPort, HDMI, 10 Gigabit Ethernet, Fibre Channel, SONET and RapidIO.