Sensima Technology acquired by Monolithic Power Systems for up to $20 million29.07.2014 15:56
Monolithic Power Systems, a leading fabless manufacturer of high-performance analog and mixed-signal semiconductors, today announced that it has acquired Sensima Technology SA located in Switzerland. The purchase price includes an initial cash payment of $11.7 million and a subsequent cash earn-out payment of up to $8.9 million which will be based upon Sensima's achieving certain performance goals.
Sensima Technology SA is a fabless semiconductor company located in Gland specialized in the design and distribution of fully integrated CMOS magnetic sensors. Based on its proprietary Hall cells design, Sensima is currently developing and marketing a range of sensors for angular positioning and magnetic field measurements.
The company was founded in 2008 as a spin-off from the EPFL (Ecole Polytechnique Fédérale de Lausanne, Switzerland) by several scientists and engineers of the microsystems group LMIS3, a group known for many years for its leading role in the development of Hall sensors & probes onto silicon micro-chips. From its first days, Sensima Technology has benefitted from the expertise of its founders totaling well over a decade of research and know-how. Today Sensima Technology provides angle sensors with unprecedented features and price performance ratios.
“Merging with MPS does provide us access to excellent resources: a worldwide sales and support presence, renowned test and qualification infrastructure, and unique process technologies. All this enables Sensima Technology to make a big leap forward and expand our operations quickly - which is definitely good news for our customers”, writes Sensima Technology CEO Jens Muttersbach in a press release.
Sensima Technology is now planning a wave of novel products for both position sensing and motion control.
About Monolithic Power Systems: MPS is a fabless semiconductor company with a strong portfolio of analog and power devices. Their unique process technologies allow them to deliver smaller, single-chip power management ICs, which are highly efficient and accurate. MPS is headquartered in Silicon Valley and has over 1’000 employees worldwide.