Analog Devices, Inc. (ADI) has completed the purchase of Hittite Microwave Corporation for $79 per share—or roughly $2 billion. The acquisition will strengthen ADI’s innovation capability across the entire frequency spectrum of RF, microwave, and millimeter wave applications.
Rick D. Hess, former president and CEO of Hittite Microwave, will lead ADI’s new RF and Microwave Group (RFMG). The new group will pool product and technology development teams from Hittite Microwave and ADI’s RF and Microwave Group.
“We are delighted to join forces with ADI, a premier company that shares Hittite’s passion for solving complex challenges for customers,” Hess said when the acquisition was announced earlier this summer. “I look forward to joining Analog Devices and I am confident our combined efforts will accelerate the course of innovation throughout cellular and microwave communications infrastructure, automotive, industrial instrumentation, aerospace, and defense.”
In other industry news:
- Mouser Electronics has added Emerson Network Power Connectivity Solutions’ Midwest Microwave line to its component solutions. The addition is due in-part to Mouser’s growth in the Mil-Aero market.
- XMA Corporation has appointed CK Associates to be its sales representative for the Southwest Region—including Arizona, New Mexico, Nevada (Clark County), Southern California, and Baja California. CK Associates has more than 30 years’ experience representing microwaves and RF companies.
- Electronics manufacturer Cardinal Components, Inc. has entered into a distribution agreement with independent distributor Defense Suppliers of Electronics Components, Inc. (D.S.E.C.). D.S.E.C. has received Boeing’s Performance “Excellence Award,” Lockheed Martin’s Missiles and Fire Control’s “Outstanding Materials Support,” and more.
- TLC Electronics announced the completion of the sale of the company from co-founders Rich and Terri Crofford to Jon and Laura Crofford at its 2nd Quarter 2014 companywide meeting on July 24.
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