Exar Corporation, a high-performance analog IC provider, has acquired Cadeka Microcircuits in a transaction that includes $29 million in cash and stock, plus an amount based on future net revenue contributed by Cadeka.
Cadeka has locations in Loveland, Colorado and both Shenzhen and Wuxi, China. The company designs, develops and markets precision analog and mixed-signal integrated circuits for use in high-reliability applications.
Among its 400 products are operational amplifiers, instrumentation amplifiers, comparators, filters and data converter products to a wide array of electronic equipment manufacturers in the medical electronics, aerospace, test and measurement, surveillance and industrial control markets.
"Cadeka's products provide best-in-class performance and, in many cases, are direct or indirect replacements for solutions from Analog Devices, Linear Technology and National Semiconductor, which was acquired by Texas Instruments,” said Exar President and CEO Louis DiNardo. “When we couple Cadeka's product offering with our global presence and reach, we will be able to grow revenue quickly and provide meaningful operating leverage."
Gary Ross, Cadeka's president and CEO, will join Exar and report directly to DiNardo as vice president and general manager of High Performance Analog Products. “The combined company will build on Cadeka's success in Asia and penetrate the large market for precision analog components in North America and Europe," he said.
Exar Corp. designs, develops and markets high-performance analog and mixed-signal integrated circuits and advanced sub-system solutions for the networking and storage, industrial and embedded systems, and communications infrastructure markets.
Cadeka’s core team has been together for some 20 years, first at Comlinear in Fort Collins, Colorado. The majority of the Comlinear team stayed together through three separate company transitions, including a stint doing co-operative assignments at National Semiconductor, Kota Microcircuits and, most recently, Fairchild Semiconductor. Ross was previously at Fairchild Semiconductor where he assembled three product lines and merged three acquisitions to form Fairchild’s Signal Path Group.
