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Skyworks closes acquisition of Avnera
Analog semiconductors provider, Skyworks Solutions, has closed its acquisition of Avnera Corporation, a developer of Analog System on Chips (ASoCs).
Per the terms of the agreement, Skyworks paid USD 405 million in cash to Avnera equity holders – with up to an additional USD 20 million if certain performance targets are exceeded over a 12-month post-closing period – which was approved by the boards of directors of both Skyworks and Avnera.
The companies entered into a definitive agreement on August 3, 2018.
