GREENSBORO — Qorvo Inc., a provider of radio frequency systems and solutions, announced Wednesday that it has agreed to acquire Active-Semi International Inc., a Dallas-based company, for an undisclosed amount.
Active-Semi will become part of Qorvo’s Infrastructure and defense products (IDP) group. The company was founded in Silicon Valley, has 141 employees worldwide.
Qorvo
Active-Semi is a leader in the multi-billion dollar power management and intelligent motor drive markets.
“With the acquisition of Active-Semi, Qorvo will expand IDP’s product offerings for existing customers and extend our reach into new high-growth power management markets,” said Qorvo CEO Bob Bruggeworth in a statement. “We see significant opportunities to accelerate adoption of Active-Semi’s innovative analog/mixed-signal solutions across multiple markets by leveraging Qorvo’s global scale, sales channel and customer relationships.”
Power efficiency is a core requirement in electronic applications in IDP’s existing markets, and Active-Semi’s programmable mixed-signal power solutions provide design flexibility. These elements result in smaller environmental footprints, lower material costs and reduced time to the marketplace.
Noted Larry Blackledge, CEO of Active-Semi in a statement: “[The] technology portfolio opens up vast opportunities to accelerate revenue, develop more highly integrated system solutions and target new high-growth markets, like 5G infrastructure.”
Qorvo expects the acquisition to grow the non-GAAP gross margin and non-GAAP earnings per share in the first year. The acquisition is subject to regulatory approval and customary closing conditions and is expected to close by June 29.
Qorvo will provide additional details about the Active-Semi transaction during its fiscal 2019 fourth quarter earnings conference call, scheduled for May 7.
Qorvo Inc. stock was trading at $76.07 on Wednesday, up 85 cents.
This story is from the North Carolina Business News Wire, a service of the UNC-Chapel Hill School of Media and Journalism
