Integrated Device Technology (IDTI) Acquires Alvand Technologies,

Article Stock Quotes (1) Comments (0)

Integrated Device Technology, Inc. (IDT)(NASDAQ: IDTI) announced that it has acquired NXP’s high-speed data converter assets and Alvand Technologies, a leading analog IP company specializing in data converters.

Terms of the deals were not disclosed.

“This completes the acquisition program to realize our mission of delivering system-level analog and digital solutions for communications infrastructure and enterprise computing. With our strategic repositioning now completed, our attention is focused on closing and integrating the recently announced acquisitions, optimizing our cost structure to meet our previously stated operating margin targets, and delivering superior financial returns to shareholders.”

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• Sprint (S), SoftBank Receive Final State Regulatory Approval in Proposed Deal
• Market Expects Rumored Lender Processing Services (LPS) Buyout to Go Smoothly
• Dover (DOV) Latest Diversified Industrial to Announce Streamlining; More to Follow?

Create E-mail Alert Related Categories

Corporate News, Mergers and Acquisitions

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?