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IDT to buy ZMDI for ₹1.9 crore

Posted: 28 Oct 2015     Print Version  Bookmark and Share

Keywords:programmable power device  data centre  wireless charging  5G 

Integrated Device Technology (IDT) has reached an agreement to buy privately held Zentrum Mikroelektronik Dresden AG (ZMDI) for ₹1,974.52 crore ($310 million), securing for the company a strong position in the automotive and industrial business.

The deal, expected to close by the end of the year, extends IDT's portfolio in programmable power devices and timing and signal conditioning. ZMDI's business is already well established and benefit immediately from IDT's scale and technology, according to a statement.

The acquisition would also add ₹127 crore ($20 million) of revenue to IDT each quarter, said the company. IDT targets ₹5,095 crore ($800 million) in sales. Last year, it recorded sales worth ₹3,649 crore ($572.9 million).

"This move accelerates progress to our $800 million [₹5,095 crore] annual revenue goal within our industry benchmark financial performance by over a year," said IDT president and CEO Gregory Waters. "IDT's strategy is unchanged, but our product and technology position is significantly expanded."

IDT extends their rapidly growing line of programmable power devices with new products addressing communications infrastructure and data centre applications. This creates a new industry franchise for high performance, scalable power management solutions that cover applications ranging from wireless charging to solid-state drives to data centres and 4G/5G base stations.

"We gain an exceptional group of talented people and intellectual property from ZMDI, who join one of the technology industry's fastest growing companies. With the added benefit of IDT's cost structure and high volume manufacturing capability, we expect ZMDI revenues to achieve a similar financial model as IDT's existing business in the first year of combined operations," Waters added.

ZMDI's signal conditioning products provide an interface between microcontrollers and analogue components, such as sensors. This is complimentary to IDT's advanced timing products. In addition, it will enable intelligent systems that are aware of their surroundings and can adjust system performance, timing and power management automatically.

ZMDI was founded in 1961 and is based in Dresden, Germany. It is part of the Silicon Saxony industry cluster.

- Stephen Padilla

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