Acquisition of Leading Developer of Touch Sensing Technologies Expands and Strengthens Atmel's Proprietary Microcontroller Product Portfolio
SAN JOSE, Calif., March 7 -- Atmel® Corporation (NASDAQ:ATML) today announced that it has received all necessary regulatory approvals for and has completed its acquisition of Quantum Research Group Ltd. ("Quantum"). The acquisition of Quantum provides Atmel with an immediate presence in touch sensing, one of the fastest growing markets for microcontrollers.
"We are delighted to have completed this transaction," said Steve Laub, Atmel's President and Chief Executive Officer. "The acquisition of Quantum builds on the strong foundation we have established by expanding Atmel's offering of high-margin products in high-growth markets with some of the industry's most innovative technology. We are very excited about this transaction and the additional value we expect it to create for our shareholders and customers alike."
Quantum, based in Hamble, England, is the leading independent developer of capacitive sensing IP and solutions for user interfaces. Quantum's innovative touchpad navigation technologies are sold to an extensive base of blue chip customers and support a wide range of markets and applications, including mobile phone handsets, consumer electronics (such as personal media players and audio/video systems), home appliances, home security, PC peripherals, medical, automotive, and industrial equipment.
Atmel is a worldwide leader in the design and manufacture of microcontrollers, advanced logic, mixed-signal, nonvolatile memory and radio frequency (RF) components. Leveraging one of the industry's broadest intellectual property (IP) technology portfolios, Atmel provides the electronics industry with complete system solutions focused on consumer, industrial, security, communications, computing and automotive markets.
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Source: Atmel Corporation
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