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Analog Devices Set to Acquire Hittite Microwave

June 10, 2014
Analog Devices has signed a definitive agreement to acquire Hittite Microwave to combine their RF/signal conversion and microwave/millimeter wave technologies.

As part of a definitive agreement worth $2 billion, Analog Devices Inc. (ADI) is set to acquire Hittite Microwave Corp. Although ADI has typically not been a very acquisitive company, a lot of deliberation went into the purchase, which is expected to close before the end of July 2014. ADI’s expertise in data conversion in the RF domain will be leveraged with Hittite’s RF, microwave, and millimeter wave technology strengths.

Stock prices are expected to grow for both companies as customers look forward to the single-supplier solution for backhaul, communications, and millimeter wave technologies. ADI hopes that its position in the RF domain and previous investment into the microwave and millimeter wave space will be complemented by Hittite’s portfolio. ADI also expects the proximity of ADI’s and Hittite’s Chelmsford, Mass. offices will create opportunities for co-location in the area to support the addition of Hittite’s approximately 520 employees. Although the Board of Directors for each company has approved the transaction, it is subject to regulatory approvals and other customary closing conditions.

About the Author

Iliza Sokol | Associate Digital Editor

Iliza joined the Penton Media group in 2013 after graduating from the Fashion Institute of Technology with a BS in Advertising and Marketing Communications. Prior to joining the staff, she worked at NYLON Magazine and a ghostwriting firm based in New York.

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