iWatt Sold To Dialog
iWatt, the innovative Californian power management IC company, has been bought by Dialog for $310m.
Dialog says that the acquisition increases its TAM by up to $6 billion by 2015 by getting the company into the digital power management business.
iWatt had FY2012 revenue of $74 million (growth of 46% over FY2011) and FY2012 gross margin of 49%.
iWatt has 180 employees. Its PrimAccurate technology sells into AC/DC conversion and LED applications.
A further $35 million may be payable for contingent liabilities.Tags: acquisition, contingent liabilities, conversion, management business, power management ic