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News Breaks
July 7, 2014
08:01 EDTATMLAtmel to acquire Newport Media for $140M
Atmel announced that it has signed a definitive agreement to acquire Newport Media, a provider of high performance low power Wi-Fi and Bluetooth solutions. The purchase price is $140M cash, subject to working capital adjustments, plus an additional earn-out of up to $30M to be paid subject to achievement of future revenue thresholds over two years. The transaction is subject to customary closing conditions, including anti-trust review, and is expected to close during the third calendar quarter. Atmel will fund the transaction with cash on hand and borrowings under its existing credit facility. NMI recorded $43M in annual revenue during 2013 and the acquisition is expected to be accretive to Atmel's non-GAAP financials in the second half of 2015.
News For ATML From The Last 14 Days
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November 21, 2014
07:27 EDTATMLNeedham to hold a tour
Needham Tech Tour travels throughout Silicon Valley on November 20-21.
November 13, 2014
08:08 EDTATMLAtmel partners with IAR Systems for microprocessor portfolio support
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November 12, 2014
08:07 EDTATMLAtmel device certified by SIGFOX on long-range Internet of Things
Atmel's ATA8520 device achieved the SIGFOX-ready certification, making it the first SIGFOX Ready certified system-on-chip solution. The combination of Atmel's SIGFOX-certified IC with SIGFOX's proprietary network enables wireless connectivity for a wide array of Internet of Things applications including environmental sensors, smart meters, patient monitors, security devices and street lights. The SIGFOX global IoT network operates in several European countries and will begin deployment in the U.S. later this year.
November 10, 2014
08:15 EDTATMLAtmel and SMARTRC collaborate on animal ID applications
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