Semiconductor maker Analog Devices has acquired Maxim Integrated-sources for $21 Billion. An all-stock transaction that values the combined enterprise at over $68 billion, this could be one of the largest merger deals of the year.
Norwood, Massachusetts-based Analog Devices specialize in data conversion, signal processing, and power management technology for a range of industries from transportation and healthcare to instrumentation and portable consumer devices.
Maxim, a San Jose, California-based company, designs and manufactures analog and mixed-signal integrated circuits that are used in cars, manufacturing, energy, communications, healthcare, and connected devices.
With this acquisition, ADI stockholder will own approximately 69% of the company while Maxim stockholders will have approximately 31%, and will qualify as a tax-free reorganization. This merger makes Analog, the semiconductor leader with increased scale across global markets in industrial, communications, and digital healthcare segments.
The merger deal brings together talent, innovation, and engineering excellence in multiple domains.