Analog Chip Maker Acquires Power Semiconductors

Microsemi Corp. and Advanced Power Technology Inc. (APT) recently signed a definitive agreement for Microsemi to acquire APT. With this acquisition, Microsemi, a designer and manufacturer of high-performance analog solutions and high-reliability semiconductor solutions, expands its portfolio of analog mixed signal offering in the RF marketplace, as well as its high reliability offering in the defense/aerospace and medical marketplace.

The transaction combines two analog companies offering both differentiated RF product into niche end markets, as well as high reliability products addressing a strong defense/aerospace and medical market. APT is a designer, manufacturer and marketer of RF and switching power semiconductors. With APT’s focus on the high-power, high-speed segment of the power semiconductor market, APT’s RF and power switches will expand Microsemi’s product offering within its existing channels. Additionally, APT has an advanced development effort in silicon carbide that offers significant advantages in future systems, ranging from military to notebook applications.

The boards of directors of both companies have unanimously approved the definitive agreement. After the transaction, Microsemi will have approximately 71 million fully diluted shares outstanding, with current Microsemi shareholders owning approximately 93% and current APT shareholders owning approximately 7% of the combined company’s shares.