Wednesday, July 25, 2007

Apex Microtechnology Acquired by Cirrus Logic

Tucson, Arizona-based Apex Microtechnology has been acquired by Cirrus Logic. Cirrus Logic said Tuesday that it has completed its acquisition of Apex, in a deal that was worth approximately $42M in cash. Apex is a manufacturer of high-power, analog amplifiers. Cirrus Logic designs and manufactures analog and mixed-signal integrated circuits. Cirrus did not say on what its plans for Apex's staff was, but said that it intends to continue marketing Apex products under the Apex Precision Power brand, along with supporting Apex's 1200 current worldwide customers.