Micrel Buys Discera, No Terms Disclosed
Micrel, Inc. (Nasdaq: MCRL), an industry leader in high performance linear and power solutions, LAN and timing and communications solutions, today announced it has signed a definitive agreement to acquire the business of Discera Inc., a leading provider of silicon timing solutions. The acquisition is intended to complement Micrel's high performance clock and timing products, as well as expand its MEMS (micro-electrical mechanical systems) capabilities. The transaction is expected to close in September of 2013. Micrel expects the acquisition will be slightly dilutive in 2013 and neutral to slightly accretive in 2014 on a GAAP basis.
Discera has been on the forefront of MEMS resonator development, creating a disruptive technology in the timing space. Discera's PureSilicon™ oscillators and Crystal-less™ clock generators provide a variety of significant benefits to timing customers, including system-wide cost effective solutions, enhanced ruggedness, space sa
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