Skyworks Solutions, Inc. (NASDAQ: SWKS), an innovator of high performance analog semiconductors connecting people, places and things, has closed its acquisition of Avnera Corporation, a developer of Analog System on Chips (ASoCs), the company said.
The companies entered into a definitive agreement on August 3, 2018.
Per the terms of the agreement, Skyworks paid cash for the acquisition, which was approved by the boards of directors of both Skyworks and Avnera. Excluding any non-recurring acquisition-related charges and amortization of intangibles, Skyworks expects the acquisition to be immediately accretive to diluted earnings per share.
Skyworks Solutions, Inc. is empowering the wireless networking revolution. Our highly innovative analog semiconductors are connecting people, places and things spanning a number of new and previously unimagined applications within the aerospace, automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets. For more information, visit Skyworks´ website at: www.skyworksinc.com.