Market Overview

Micrel Buys Discera, No Terms Disclosed

Share:

 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

Posted-In: M&A News

 

Related Articles (MCRL)

View Comments and Join the Discussion!
Lightning Fast
Market News Service
$199 Free 14 Day Trial

Isis Reports Positive Interim Phase 2 Data on ISIS-APOCIII Rx

Market Wrap for Friday, August 30, 2013: Summer Ending in Turmoil?