Diodes Inc. (DIOD: Quote) said Friday that it has entered into an agreement to buy Power Analog Microelectronics, Inc., a provider of advanced analog and high-voltage power ICs.
Terms of the deal were not disclosed.
Power Analog's product portfolio includes Class D audio amplifiers, DC-DC converters and LED backlighting drivers. It has technical and business centers in Shanghai, Shenzhen, Taipei and Tokyo.
The acquisition is expected to close in the fourth quarter of 2012.
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by RTT Staff Writer
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