Analog Devices acquires Maxim Integrated

Analog Devices, Inc. (ADI) has officially completed its acquisition of Maxim Integrated Products, more than a year after the acquisition was initially announced. The combination is set to further strengthen ADI’s position as a high-performance analog semiconductor company with trailing 12-month revenue of over US$9 billion and free cash flow of over US$3 billion on a pro forma basis.

Under the terms of the definitive agreement, Maxim stockholders received 0.63 of a share of ADI common stock for each share of Maxim common stock; Maxim common stock will no longer be listed for trading on the NASDAQ stock market. The ADI board of directors will also be joined by Tunç Doluca, former President and CEO of Maxim, and Mercedes Johnson, former Founding Executive of Avago Technologies. Doluca and Johnson served on Maxim’s board of directors until the closing of the transaction.

“Today is a tremendous milestone for ADI and I’m delighted to welcome the Maxim team, who share our passion for solving our customers’ most complex technology problems,” said Vincent Roche, Analog Devices President and CEO.

“With more than 10,000 engineers and the increased breadth and depth of our best-in-class technologies, we are well positioned to develop even more complete, cutting-edge solutions for our customers. Together, we will drive the next waves of analog semiconductor innovation, while engineering a healthier, safer and more sustainable future for all.”

Image credit: ©stock.adobe.com/au/Worawut

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