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

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