Power Integrations acquires Potentia Semiconductor
(Business News, 15 Feb 2008 )
Power Integrations has acquired Potentia Semiconductor, a developer of innovative controller chips for high-power AC-DC power supplies. Potentia's engineering team, based in Ottawa, Canada, will form the core of a new analog design group for Power Integrations focused primarily on high-power applications.
Power Integrations paid approximately $5.5 million in cash for Potentia, including closing costs. The acquisition closed on December 31, 2007. Power Integrations' financial results for the fourth quarter of 2007 include a one-time charge of $1.4 million for purchased in-process research and development expenses.
