NORWOOD, Mass.--(BUSINESS WIRE)--
Analog Devices, Inc. (NASDAQ: ADI) today announced the acquisition of
SNAP Sensor SA, a privately held company based in Switzerland that
specializes in highly innovative vision sensing technologies. The
acquisition will advance Analog Devices' leadership position in sensing
and signal processing and build upon platform-level Internet of Things
(IoT) solutions such as ADI's award-winning Blackfin Low Power Imaging
Platform (BLiP).
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Analog Devices Enhances IoT Sensing Portfolio with SNAP Sensor Acquisition
SNAP Sensor's patented technology offers significant improvements to
existing optical sensors by ensuring accurate image detection in
challenging lighting conditions. It drastically improves sensing
reliability and accuracy in a range of detection, identification, and
guidance uses. In addition, much of the image management is performed on
the sensor, enabling the use of affordable and lower power processors.
"SNAP Sensor's cutting-edge optical technology and vision software and
algorithm expertise allow us to continue unlocking new possibilities for
our customers in a wide range of IoT applications such as building
automation, building security, city management, transportation, and
more," said Michael Murray, general manager of Industrial Sensing,
Analog Devices. "This acquisition further enhances our sensing portfolio
and ensures that we're helping customers realize the best possible
outcomes from IoT solutions."
The SNAP Sensor team will remain in Switzerland to establish a new
Analog Devices R&D center and continue its close collaboration with the
Swiss research and technology organization CSEM (http://www.csem.ch).
"Our team is very enthusiastic about joining Analog Devices," said
Pascal Dorster, CEO of SNAP Sensor. "This provides us access to the
engineering, supply-chain, and commercialization resources needed to
accelerate our growth and continue advancing our technology vision."
About Analog Devices
Analog Devices (NASDAQ: ADI) designs
and manufactures semiconductor products and solutions. We enable our
customers to interpret the world around us by intelligently bridging the
physical and digital with unmatched technologies that sense, measure and
connect. Visit http://www.analog.com.
Follow ADI on Twitter at http://www.twitter.com/ADI_News
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to Analog Dialogue, ADI's monthly technical journal, at: http://www.analog.com/library/analogDialogue/
This release may be deemed to contain forward-looking statements
intended to qualify for the safe harbor from liability established by
the Private Securities Litigation Reform Act of 1995. These
forward-looking statements include, among other things, our statements
regarding expected benefits of our acquisition of SNAP Sensor SA,
expected advances in our technology and product development efforts and
expected benefits of SNAP's technology including on ADI's IoT and BLiP
offerings that are based on our current expectations, beliefs,
assumptions, estimates, forecasts, and projections about the industry
and markets in which Analog Devices operates. The statements contained
in this release are not guarantees of future performance, are inherently
uncertain, involve certain risks, uncertainties, and assumptions that
are difficult to predict. Therefore, actual outcomes and results may
differ materially from what is expressed in such forward-looking
statements, and such statements should not be relied upon as
representing Analog Devices' expectations or beliefs as of any date
subsequent to the date of this press release. Important factors that
could cause actual results to differ materially from the results
described, implied or projected in any forward-looking statements
include: higher than expected or unexpected costs associated with or
relating to the transaction; the expected benefits, synergies and
prospects of the transaction may not be achieved in a timely manner, or
at all; SNAP Sensor's business or technologies may not be successfully
integrated with ADI's following the closing; and other risk factors
described in our most recent filings with the Securities and Exchange
Commission. We do not undertake any obligation to update
forward-looking statements made by us.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160317005165/en/
Analog Devices, Inc.
Linda Kincaid, 781-937-1472
linda.kincaid@analog.com
Source: Analog Devices, Inc.
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