Zurich, Switzerland–Oct. 25, 2000–Micronas Semiconductor Holding AG recently acquired Germany-based Infineon Technologies’ consumer electronics integrated circuits (ICs) operations. The deal, reportedly worth EUR 250 million, includes development and sales activities and 130 former Infineon employees, but does not include manufacturing facilities.
“With this acquisition, Micronas has taken a decisive step forward in its video business. By augmenting our core audio and video operations, we are reinforcing our leadership in the key competencies of the rapidly growing multimedia market,” says Micronas Group CEO Dr. Wolfgang Kalsbach.
Pending approval from anti-trust authorities, the acquisition will be completed with economic effect from August 1, 2000.