Tech Company M&A Transactions
Planet ATE Acquisition
Headquartered in Poway, Planet ATE was purchased by Intersil. The companies indicated that total deal value was $46 million.
Transaction Overview
Company Name
Acquired By
Announced On
9/11/2007
Transaction Type
M&A
Amount
$46,000,000
M&A Terms
In connection with the acquisition, Intersil expects to pay approximately $46 million net in cash at closing in exchange for all outstanding shares of capital of Planet ATE. Additional consideration of up to $12 million in cash may be payable to the former holders of Planet ATE capital stock upon satisfaction of certain performance goals in 2008.
Company Information
Company Status
Acquired or Merged
Industry
Semiconductors
Mailing Address
12131 Community Road
Poway, CA 92064
USA
Poway, CA 92064
USA
Phone
Website
Email Address
Not Recorded
Overview
Planet ATE was a privately-held fabless semiconductor supplier dedicated to the manufactures of Automatic Test Equipment. Now, Planet ATE's product portfolio will form the foundation for Intersil's ATE ICs, adding another high performance analog product family to Intersil's vast analog signal processing and power management portfolio.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Jeff King
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