Dialog Semiconductor acquires Creative Chips for $80M to boost IoT portfolio

Dialog Semiconductor has agreed to acquire Creative Chips GmbH, a fabless semiconductor company in Germany, for $80 million in cash, with up to $23 million contingent on revenue targets. The deal strengthens Dialog's industrial IoT capabilities.

“The acquisition of Creative Chips is instrumental for Dialog, giving it a strong foothold in the industrial IoT market”eetimes.com

• 5 sources
• eetimes.comDialog Continues IoT Push, Acquires Creative Chips for $80m - EE TimesNitin DahadOct 7, 2019
• accessnewswire.comDialog Semiconductor to Acquire Creative Chips adding Industrial IoT Products to its Portfolio. New acquisition establishes Dialog as a mixed-signal semiconductor supplier into the fast-growing Industrial Internet of Things (IIoT) marketDialog Semiconductor Plc.Oct 7, 2019
• reuters.comDialog Semiconductor acquires Germany's Creative ChipsOct 7, 2019
• telecompaper.comDialog Semiconductor signs definitive agreement to acquire Creative Chips - TelecompaperOct 8, 2019
• news.pcim.mesago.com

Summarized from public sources; check the original articles before acting on it.