Murata Electronics has finalized its acquisition of Peregrine Semiconductor Corp. in an all-cash transaction at $12.50 per share of Peregrine common stock.
In August, Murata announced it was acquiring the radio frequency (RF) silicon on insulator (SOI) chipmaker in a deal worth $471 million. At the time, Murata said it would add Peregrine’s portfolio to its own RF module business after working closely with the company for many years.
Norio Nakajima, executive VP and director of the Communication Business Unit at Murata, welcomed Peregrine to the company in a statement saying the acquisition would “deepen our existing partnership” with Peregrine and combine Murata’s RF modules with Peregrine’s own RF products. Nakajima added that Murata plans to expand its business “into all the markets that Peregrine currently offers RF solutions” and the company is “eager to leverage Peregrine’s innovations.”
Peregrine will continue to offer its RF products under its own brand as a wholly owned subsidiary of Murata in the realm of the communications, industrial and aerospace markets. The combined company will now contain more than 180 filed and pending patents, Murata said.
Jim Cable, president and CEO of Peregrine, said in the same statement that the combined company will “change the course of RF history” and specifically in the mobile market will speed up the transition to “an integrated, all-CMOS RF front-end.”