Date: 19th Mar 2012
Micrel acquires controlling interest in
Micrel has signed a definitive agreement to acquire a controlling
interest in PhaseLink Company Limited, a private company
based in Taiwan and Silicon Valley. The acquisition is intended
to complement Micrel's high performance clock generation
and distribution products for the communication market,
as well as expand its offerings into the consumer and industrial
markets. The transaction is expected to close in the second
quarter of 2012. Micrel currently expects the acquisition
to be dilutive to earnings per share by approximately $0.02
per share on a non-GAAP basis in 2012 and accretive within
18 months of closing. Micrel expects to operate PhaseLink
as a wholly owned subsidiary.
PhaseLink provides Crystal Oscillator chips (Ultra-Low
Jitter Analog Frequency Multipliers and PhasorVI VCXO and
XO) for high-performance communications and storage markets.
"The acquisition of PhaseLink substantially enhances
Micrel's penetration into the timing market. Micrel's and
PhaseLink's technologies and products are well aligned from
a strategic perspective, bringing more best-in-class products
to broader markets and a worldwide customer base,"
noted Ray Zinn, Chairman and CEO, Micrel. "High-performance
products, dependable quality, and timely support are the
hallmarks of Micrel customer satisfaction. With this acquisition,
along with the recently released ClockWorks Flex products,
Micrel plans to be a one-stop shop for our customers' high-performance
clock and timing needs."