[Satellite TODAY 10-07-10] Microsemi Corp., a manufacturer of analog mixed-signal integrated circuits, high reliability semiconductors and RF subsystems, has entered into a definitive agreement to acquire Actel Corp. for approximately $430 million in cash, the companies announced Oct. 6.
Actel supplies low-power, mixed-signal, and radiation-tolerant field programmable gate arrays for satellite and space-related markets.
Microsemi President and CEO James Peterson said the combination of both companies’ technology would create compelling synergies and offerings for customers. “Actel will bring the most widely-used mixed-signal, radiation tolerant FPGA products in the aerospace and defense markets today, and the company’s products will allow Microsemi to extend its growing system-level capabilities. As Microsemi continues to move up the value chain in offering its customers system solutions that are better, faster, and more-cost effective than they can build themselves, Actel’s highly-integrated solutions will be an integral component in enabling this growth."
Microsemi, which is projected to report $146 million to $150 million in sales through the end of September, expects the acquisition to be closed in its fiscal first quarter ending in January.
Microsemi Acquires Satellite Gate Array Manufacturer Actel for $430 Million
By 
Jeffrey Hill
Jeffrey Hill
GomSpace to Establish New Ukrainian Joint Venture for Sovereign Comms
GomSpace, the Danish satellite company, looks to play a key role in developing sovereign satellite capabilities in Ukraine. It has signed a deal with its Ukrainian partner Stetman which will see […]
Trending Now
-
Earth ObservationNRO Makes New Commercial Awards to EarthDaily, Iceye, and Pixxel
-
Government/MilitaryEnabled by AI, NGA Director Focused on Mission, Transformation, and Workforce
-
Government/MilitarySpace Force Awards $3.2 Billion to 12 Companies for Space-Based Interceptor Work
