This week, Analog Devices, a leading data technology company, has announced that it will be acquiring one of its rivals, Maxim Integrated, for a whopping $21 billion USD.
Analog Devices (ADI) has a strong grip on the worldwide data converter market, with some analyst firms putting the company’s market share at around 50%. The company is known for manufacturing different types of integrated circuits that are later used in electronic equipment and now ADI is looking to expand its ventures by acquiring Maxim Integrated for the impressive sum of $21 billion USD.
“ADI and Maxim share a passion for solving our customers’ most complex problems, and with the increased breadth and depth of our combined technology and talent, we will be able to develop more complete, cutting-edge solutions,” said Vincent Roche, President and CEO of ADI.
ADI’s announcement discussing the acquisition also said “The combined company will continue to be a destination for the most talented engineers in multiple domains”. The new company is looking to create a stable position on the worldwide data converter market for itself.
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KitGuru Says: As with any major acquisition, regulators will need to give the stamp of approval before all of this goes ahead. With that in mind, it could be a while before we see both companies fully integrate.