Dialog, a provider of integrated power management (PMICs), charging and connectivity ICs, has signed a definitive agreement to acquire Silego, a supplier of configurable mixed-signal ICs (CMICs), for a cash payment of $276 million with an additional potential payment $30.4 million.
Silego has pioneered the development of programmable ICs that integrate analog, digital and discrete component functionality to sweep up mixed-signal circuitry that previously resided at the level of the printed circuit board.
Silego is a private company with approximately 235 employees and has sold over 3 billion units. The company said it expects to achieve more than $80 million of revenue in 2017 and double-digit growth in 2018.
Bringing together PMICs and CMICs will strengthen Dialog's presence in IoT, computing, and automotive markets.
"What Silego has developed is truly unique – a mixed-signal platform which customers can configure to their design requirements on the fly, drastically reducing the time to bring their products to market,” said Jalal Bagherli, CEO of Dialog, in the same statement.
"With global scale and customer access, Dialog is the right platform to further accelerate industry wide CMIC adoption. Furthermore, we gain an exceptional group of talented people that will fit well with Dialog’s culture. Together, we will significantly increase the value we can bring to our customers by creating a better-positioned and more-diversified mixed signal offering."