Skyworks Closes Acquisition of Smart Interface Innovator Avnera Corporation

Skyworks Solutions, Inc., an innovator of high performance analog semiconductors connecting people, places and things, today closed its acquisition of Avnera Corporation, a leading developer of Analog System on Chips (ASoCs). 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.

Source: businesswire.com