Atmel Acquires IDT’s Smart Metering Product Line to Broaden Smart Energy Portfolio
AtmelÂ® Corporation has completed the acquisition of Integrated Device Technology's smart metering IC product lines and technologies, further enhancing Atmel's smart energy product portfolio. Terms of the transaction were not disclosed.
The acquisition includes IDT's Metrology Analog Front End (AFE) and System-On-Chip (SoC) devices for single- and poly-phase energy meters. The smart metering IC product line offers best-in-class single- and poly-phase measurement accuracy with better than 0.1 percent accuracy over 5000:1 dynamic range and complements the existing family of Atmel smart metering offerings. Atmel's smart metering portfolio includes the world's first single-chip power line communications (PLC)-based solution targeting the rapidly growing PRIME smart metering market.
"Smart energy is a key focus for Atmel and we are delighted that we have been able to expand our smart energy solutions portfolio with this acquisition," stated Steve Laub, President and CEO, Atmel Corporation. "By offering a broader, more integrated product portfolio, existing IDT and Atmel customers now have access to a more complete and compelling suite of smart energy solutions that will enable a wider range of applications."
â€œThis transaction sharpens IDTâ€™s strategic focus while reducing operating expenses and improving profitability,â€ said Ted Tewksbury, president and CEO at Integrated Device Technology.