Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Made In NYC | Microchip has established a leading position in the synchronization and timing market for communications, enterprise, government, and military and aerospace applications. Its pre-acquisition catalog included satellite timing devices, miniature atomic clocks, multiport network time servers, and PTP translators. Microchip Technology Inc said on Thursday it would buy Microsemi Corp, the largest U.S. commercial supplier of military and aerospace semiconductor equipment, for about $8.35 billion. We have strong mutual and complementary track records for successfully deploying this highly specialized technology in demanding applications. With Tekron’s products in its portfolio and the semiconductor sector recovering from the global health crisis, the corporation should experience some meaningful near-term growth. Tekron extends this focus to encompass the specific industry requirements for the power utilities and industrial markets. “We are excited to have our employee family join Microchip to help expand its reach and coverage in the smart energy and industrial segments,” said Ian Mills, the outgoing Chairman of the Board with Tekron. “This acquisition brings Tekron’s knowledgeable team and widely adopted products to our synchronization and timing offering that has become indispensable in today’s increasingly digital, networked world,” said Randy Brudzinski, vice president of Microchip’s Frequency and Timing Systems business unit. CHANDLER, Ariz., Oct. 02, 2020 (GLOBE NEWSWIRE) -- Microchip Technology Inc. (Nasdaq: MCHP) today announced the acquisition of Tekron International Limited, a … Neither company revealed the … www.microchip.com, > Microchip Acquires Tekron International Limited, Microchip Acquires Tekron International Limited, Company extends its synchronization and timing portfolio with Tekron’s, complementary solutions that have been adopted by power utilities worldwide, Acquisition, Tekron, atomic clock, maser, industrial. Le fabricant américain de semi-conducteurs met la main sur le fournisseur néo-zélandais de solutions de synchronisation. Microchip has established a leading position in the synchronization and timing market for communications, enterprise, government, and military and aerospace applications. He also commented that the timing device startup had made inroads in industries Microchip is eager to pursue, like renewable energy. (RTTNews) - Microchip Technology Inc. (MCHP) announced the acquisition of Tekron International Limited, which provides high-precision GPS and … The terms of the deal are confidential. Le montant de la transaction n'a pas été communiqué. As an independent firm, it sold synchronization solutions to corporations operating in the power, industrial, enterprise, security, and telecom sectors. Neither company revealed the financial terms or timeline of their merger. Headquartered in Chandler, Arizona, Microchip offers outstanding technical support along with dependable delivery and quality. “Precise, accurate time is an enabling ingredient for virtually all infrastructures, from data centers, communications and industrial networks to financial exchanges. The terms of the deal are confidential. High-res images available through Flickr or editorial contact (feel free to publish): About Microchip Brian Thorsen480-792-7182 “We are excited to have our employee family join Microchip to help expand its reach and coverage in the smart energy and industrial segments,” said Ian Mills, the outgoing Chairman of the Board with Tekron. About Tekron For more information, visit the Microchip website at www.microchip.com. In the fiscal first quarter of 2021, Microchip generated $1.3 billion in revenue despite the coronavirus pandemic’s ongoing impact. Note: The Microchip name and logo and the Microchip logo are registered trademarks of Microchip Technology Incorporated in the U.S.A. and other countries. General Product Legal Information; Trademarks. For more information on products and history or for contact information visit www.tekron.com. Company extends its synchronization and timing portfolio with Tekron’s complementary solutions that have been adopted by power utilities worldwide. Microchip Technology Inc.MCHP recently completed the acquisition of Microsemi Corporation for $10.3 billion. Acquiring Tekron enables us to expand our offering across a broad customer base in the rapidly expanding smart energy and industrial markets.”. The terms of the deal are confidential. Acquiring Tekron enables us to expand our offering across a broad customer base in the rapidly expanding smart energy and industrial markets.”. Acquisition search results. Its easy-to-use development tools and comprehensive product portfolio enable customers to create optimal designs which reduce risk while lowering total system cost and time to market. You have entered an incorrect email address! Its easy-to-use development tools and comprehensive product portfolio enable customers to create optimal designs which reduce risk while lowering total system cost and time to market. Before being bought out, Tekron specialized in manufacturing GPS and precision timing devices. Microchip Technology (MCHP) Expected to Beat Earnings Estimates: Can the Stock Move Higher? All rights reserved. Tekron is a leading developer of accurate GPS/GLONASS clocks and time synchronization solutions that enable synchronization of advanced networks and services. CHANDLER, Ariz., Oct. 02, 2020 (GLOBE NEWSWIRE) -- Microchip Technology Inc. (Nasdaq: MCHP) today announced the acquisition of Tekron International Limited, a global leader in providing high-precision GPS and atomic clock time-keeping technologies and solutions for the smart grid and other industrial applications. Following its domestic success, the firm quickly expanded overseas and made its products available in over 70 countries. “Precise, accurate time is an enabling ingredient for virtually all infrastructures, from data centers, communications and industrial networks to financial exchanges. Our customers are predominantly power utility network operators, telecom networks and enterprise industries such as banking and petroleum. Our customers are predominantly power utility network operators, telecom networks and enterprise industries such as banking and petroleum. The terms of the deal are confidential. Microchip has established a leading position in the synchronization and timing market for communications, enterprise, government, and military and aerospace applications. Microchip’s Career Site; Contact Us; MicroSolutions Newsletter Archive; Environmental Health and Safety; Investor Relations; Leadership; Legal Information. In a press release, Microchip explained it acquired Tekron because it wants to establish a presence within the synchronization and timing market. 1-888-624-7435 About Microchip Technology Microchip Technology Inc. is a leading provider of smart, connected and secure embedded control solutions. He noted the chipmaker would offer Tekron’s products to financial, data center, industrial, and communications clients. We have strong mutual and complementary track records for successfully deploying this highly specialized technology in demanding applications. The company’s solutions serve more than 120,000 customers across the industrial, automotive, consumer, aerospace and defense, communications and computing markets. All other trademarks mentioned herein are the property of their respective companies.