Semtech to Acquire Gennum

Semtech, which supplies analog and mixed-signal semiconductors, agreed to acquire Gennum Corp., a supplier of high speed analog and mixed signal solutions the optical market, for approximately CDN$500 million (approximately US$494 million).


Gennum offers optical, analog and mixed-signal solutions supporting high-definition (HD) video, Fibre Channel, InfiniBand, Ethernet, SONET and PCI Express. The company had 2010 revenue of US$128 million. It was founded in 1973 and is headquartered in Burlington, Ontario, Canada. Gennum has approximately 450 employees, including more than 240 engineers, and has offices in Canada, Germany, India, Japan, Mexico, Taiwan, the United Kingdom and the United States.


Semtech said the acquisition will extend its portfolio of infrastructure products to the metro, access and enterprise computing markets.


"We believe Gennum's unique signal integrity solutions and highly differentiated 1 Gbps to 25 Gbps optical products combined with Semtech's leading 40 Gbps and 100 Gbps SerDes portfolio will deliver one of the industry's most complete and robust portfolios to the communications infrastructure, data communications and enterprise computing segments. Additionally, Gennum's strong position in video broadcast and the emerging HD video surveillance market broadens and further diversifies Semtech's portfolio of high-performance analog semiconductors targeted at fast growing markets," stated Mohan Maheswaran, President and Chief Executive Officer of Semtech.
http://www.gennum.com/http://www.semtech.com/