Maxim buys power chip firm Volterra
“Volterra is an industry leader in high-current, high-performance, and high-density power management solutions,” said Maxim. “The company develops highly integrated solutions primarily for the enterprise, cloud computing, communications, and networking markets.”
“With Volterra, we will strengthen our position in the enterprise and communications markets,” said Maxim CEO Tunç Doluca. “We add a talented team and leading-edge proprietary technology in high-current power management solutions, which further diversifies our business model.”
The firm will be acquired for $23 per share in a transaction valued at $605m equity value; $450m enterprise value, said Maxim.
Pending regulatory approvals, Maxim’s acquisition of Volterra is expected to close “early in the December quarter”, said Maxim.