Cirrus Logic Closes Transaction to Acquire Apex Microtechnology
July 24 2007 - 4:15PM
Business Wire
Cirrus Logic Inc. (Nasdaq:CRUS), a leader in high-precision analog
and digital signal processing components, today announced that it
has closed on its agreement to acquire Apex Microtechnology, a
leading provider of precision high-power analog amplifier products,
for approximately $42 million in cash. Founded in 1980 with
headquarters in Tucson, Ariz., Apex Microtechnology is a leading
innovator of integrated circuits, hybrids and modules used in a
wide range of industrial and aerospace applications that require
high-power precision analog products, such as PWM and power
amplifiers. These precision amplifiers are used for driving motors,
piezo electrics, programmable power supplies and other devices
requiring high power and precision control. Cirrus Logic intends to
continue marketing the Apex hybrid products under the Apex
precision Power� brand and supporting Apex's approximately 80
products and 1,200 customers worldwide. Cirrus Logic Inc. Cirrus
Logic develops high-precision, analog and mixed-signal integrated
circuits for a broad range of consumer and industrial markets.
Building on its diverse analog mixed-signal patent portfolio,
Cirrus Logic delivers highly optimized products for consumer and
commercial audio, automotive entertainment, industrial and
aerospace applications. The company operates from headquarters in
Austin, Texas, with offices in Tucson, Ariz., Europe, Japan and
Asia. More information about Cirrus Logic is available at
www.cirrus.com. Cirrus Logic, Cirrus and Apex Precision Power are
trademarks of Cirrus Logic Inc. All other product names noted
herein may be trademarks of their respective holders.
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