Date: 23/12/2008

Intersil acquires Zilker Labs

Intersil Corporation has signed a definitive agreement to acquire Zilker Labs.

Zilker Labs is known for innovative mixed-signal power conversion and management architecture that combines an efficient digital loop synchronous switching regulator, adaptive MOSFET drivers and a digital control interface into one IC.

"We are very pleased to join the Intersil team," said Bob Bridge, Zilker Labs' President and Chief Executive Officer. "Having access to Intersil's global resources will accelerate our entrance into targeted markets and also provides an innovative technology platform for many new products."
This acquisition is the third announced by Intersil over the past five months. The earlier acquired companies are D2Audio and Kenet.
The boards of directors of both companies have approved the merger. The acquisition, which adds approximately $1.5 million of additional operating expenses per quarter, is expected to become accretive by 2010.