Exar Acquires Cadeka for $29 Million

Analog mix-signal chip maker Exar (NYSE: EXAR  ) announced today it has acquired analog integrated circuit maker Cadeka Microcircuits in a cash and stock deal valued at $29 million. There will also be an earn-out against net revenues contributed by Cadeka, the amount for which wasn't disclosed.

Pointing out that Cadeka's products are "direct or indirect replacements" for products made by Analog Devices, Linear Technology, and Texas Instruments' National Semiconductor unit, Exar President and CEO Louis DiNardo said "We expect that the acquisition will be neutral to modestly accretive to our profitability immediately. 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."

Cadeka has facilities in Colorado and in both Shenzhen, and Wuxi, China. Its precision operational amplifiers, instrumentation amplifiers, comparators, filters, and data converter products are used in industrial and high reliability applications such as those in the medical electronics, aerospace, test and measurement, surveillance, and industrial control industries. 

Headquartered in Fremont, Calif., Exar had revenues of $122 million for the year ending March 31, down almost 7% from the year-ago period.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2526255, ~/Articles/ArticleHandler.aspx, 10/1/2016 9:51:09 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 12 hours ago Sponsored by:
DOW 18,308.15 164.70 0.91%
S&P 500 2,168.27 17.14 0.80%
NASD 5,312.00 42.85 0.81%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/30/2016 4:02 PM
EXAR $9.31 Up +0.26 +2.87%
Exar CAPS Rating: ***
ADI $64.45 Up +0.71 +1.11%
Analog Devices CAPS Rating: ***
LLTC $59.29 Up +0.18 +0.30%
Linear Technology CAPS Rating: ****
TXN $70.18 Up +0.34 +0.49%
Texas Instruments CAPS Rating: ***