MCCI Member Powervation and Japanese Electronics Firm ROHM Announce Aquisition and Visit MCCI
MCCI Member, Powervation, acquired by Japanese electronics firm, ROHM, for approximately $70M.
Powervation, a Cork-based designer and producer of ultra energy-saving computer chips, announced yesterday that the company has been acquired by Japanese electronic parts manufacturer ROHM for about $70M (€64M) in an all-cash deal. ROHM is a $3B global leader in analog and power semiconductors, which supplies a diversified global customer base in the consumer, automative and industrial markets. Powervation will become a fully owned susidiary of ROHM, with its principal design centre in Cork.
A join statement from the two companies said: "By acquiring Powervation, ROHM will gain leading-edge digital power technologies to strengthen its product offerings in the rapidly-growing cloud, data-center, and communications infrastructure markets. This acquisition will also enable ROHM to develop advanced digital power solutions for a broader range of markets and applications with Powervation's flexible controller platform."
Powervation and ROHM representatives visited Tyndall yesterday to meet with MCCI and tour Tyndall facilities.
Pictured from left to right: Ivan O'Connell (MCCI), Mike Smyth (ROHM Semiconductor USA), John Ryan (Powervation), Fearghal O'Riordain (Scottish Equity Partners), Cormac O'Shea (Powervation), Eamonn O'Malley (Powervation), Takahiro Ota (ROHM Co Limited), Jun Iida (ROHM Co Limited), Hiroshi Ikeda (ROHM Co Limited), Mark Barry (MCCI)
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