Standard Microsystems (SMSC) Acquires Gain Technology Corporation

April 29, 2002

Standard Microsystems Corporation (SMSC) agreed to acquire Gain Technology Corporation in a transaction valued at approximately $34 million, payable in cash and SMSC stock with potential additional contingent payments. The acquisition brings Gain’s analog and mixed-signal IC expertise (including the GT3200 USB 2.0 PHY) and ~35 analog engineers to SMSC to expand its USB 2.0 product offering and accelerate SoC/serial I/O capability; SMSC expected the deal to add roughly $20 million of revenue in fiscal 2004.

Buyers
Standard Microsystems Corporation (SMSC)
Targets
Gain Technology Corporation
Industry
Manufacturing
Location
Arizona, United States
Transaction Type
Buyout

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