SUNNYVALE, Calif., 19 July 2011.Analog and mixed-signal semiconductor specialist Maxim Integrated Products in Sunnyvale, Calif., is seeking to integrate sensors manufacturing, analog functions, and low power wireless connectivity with its acquisition of SensorDynamics in Lebring, Austria. SensorDynamics concentrates on wireless and micro-electro-mechanical systems (MEMS) sensors and technology for automotive, industrial, and high-end consumer applications.By acquiring SensorDynamics, which specializes in MEMS gyroscope inertial sensors and related low-power interface and wireless connectivity, Maxim (NASDAQ:MXIM) can expand in markets where it already has a strong presence such as automotive and high-end consumer, Maxim officials say. Maxim is paying $130 million and assuming $34 million in debt to acquire Sensor Dynamics.The acquisition will enable SensorDynamics to focus on MEMS sensors and other MEMS technologies, while using Maxim’s manufacturing, distribution, and sales expertise, Maxim officials say. The MEMS sensor market should be worth $7.7 billion this year, and should have compound annual growth of 14 percent through 2014, say analysts at market research firm IHS iSuppli in El Segundo, Calif.
For more information contact Maxim Integrated Products online at www.maxim-ic.com, or SensorDynamics at www.sensordynamics.cc.
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