Freescale Semiconductor has completed its acquisition of SimaTel Inc., paying $3 per outstanding share of SigmaTel stock, a total of about $110 million in cash. The privately held Freescale will merge SigmaTel’s technology and employees with Freescale’s Multimedia Applications Division, which reports to Lynelle McKay, senior vice president and general manager of the company’s Networking and Multimedia Group.
“SigmaTel’s analog and mixed-signal IC technologies complement our successful portfolio of i.MX multimedia applications processors and position our multimedia business as a key growth driver for Freescale,” said Rich Beyer, chairman of the board and chief executive officer of Freescale Semiconductor. “With this acquisition, Freescale enhances its technology and talent, enabling us to provide our customers worldwide with one of the broadest, most feature-rich multimedia portfolios on the market.”
Freescale maintains comprehensive portfolios of embedded processors based on ARM core technology for portable consumer and automotive infotainment markets. SigmaTel’s analog-intensive, mixed-signal technology is used in highly integrated ICs employed in a range of consumer electronics markets, including portable media players, digital televisions, and consumer audio devices.