Tuesday, June 26, 2007
Zarlink Semiconductor Inc. announced that he has signed an aggrement to acquire Legerity Holdings Inc. for $134.5 million in cash.
Legerity President and CEO Hank Perret will lead the creation of a combined network communications product portfolio. Perret will report to Zarlink President and CEO Kirk Mandy. A number of Legerity's executives will be joining Zarlink's management team.
"This acquisition will accelerate and expand Zarlink's plans for the voice-over-packet market," said Mandy in a statment.
A spin-off of Advanced Micro Devices Inc. (AMD), Legerity, based in Austin, Texas with 216 employees, is a supplier of analog voice technologies for carrier, enterprise and residential gateway equipment.
Zarlink's portfolio of network synchronization, voice enhancement and telecom-related products will be combined with Legerity's products and technologies to a powerful platform for the growing deployment of next-generation networks.
By: Doc Memory
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