Dive Summary:
- Atmel Corp. announced it has acquired Integrated Device Technology's (IDT) smart metering IC products line.
- The acquisition expands Atmel's smart energy portfolio by adding smart meter solutions and technologies such as IDT's Metrology analog front end and system-on-chip devices for single- and poly-phase energy meters.
- The terms of the transaction were not made available.
From the article:
"... According to the companies, the smart metering IC product line offers single- and poly-phase measurement accuracy with better than 0.1% accuracy over 5000:1 dynamic range.
'Smart energy is a key focus for Atmel, and we are delighted that we have been able to expand our smart energy solutions portfolio with this acquisition,' says Steve Laub, president and CEO of Atmel Corp. 'By offering a broader, more integrated product portfolio, existing IDT and Atmel customers now have access to a more complete and compelling suite of smart energy solutions that will enable a wider range of applications.' ..."