Print  |  Send  |   

Toumaz to acquire Frontier Silicon for up to 32.3 million sterling pounds

July 03, 2012 // Julien Happich

Toumaz to acquire Frontier Silicon for up to 32.3 million sterling pounds

A provider of ultra-low power, high-performance wireless communications technologies and solutions, Toumaz has agreed to acquire Frontier Silicon for a maximum consideration of up to GBP 32.3 millions.


The Group also announced the conditional placing of 285.6 millions new Ordinary Shares at a placing price of 10.25 pence, raising GBP 29.25 millions before expenses. The Placing Shares have been placed at a premium by finnCap with both new and existing institutional investors.

The acquisition would consist of an initial consideration of £27.06m in cash, of which £2.4m will be settled in New Ordinary Shares and a deferred consideration up to £5.2m to be paid, dependent on the performance of the Enlarged Group, in cash and shares.

“This acquisition is consistent with our strategy for providing ultra-low power, high performance wireless communications across the healthcare, fitness and consumer electronics markets“ commented Anthony Sethill, CEO of Toumaz.

“Bringing these two innovative UK technology companies will enable the enlarged Group to exploit the strengths and opportunities of both businesses“.

“This acquisition will also enable us to strengthen our commercial presence and provides us with essential engineering and R&D resource, allowing Toumaz to accelerate its profitable expansion towards becoming the global leader in complete wireless platforms.”


Visit Toumaz at www.Toumaz.com

All news

RF & Microwave

Follow us

Fast, Accurate & Relevant for Design Engineers only!

Technical papers     

Filter Wizard     

Check out the Filter Wizard Series of articles by Filter Guru Kendall Castor-Perry which provide invaluable practical Analog Design guidelines.

Linear video channel

READER OFFER

Read more

This month, Trinamic Motion Control is offering you to win one of four TMCM-1043 development kits for its highly integrated, NEMA 17-compatible TMCM-1043 stepDancer stepper motor module.

Offering designers an easy-to-use PC-based GUI that allows one-click modification of motor drive current, micro-stepping and other key parameters, the intuitive kits are custom designed and developed for...

Read more

Design centers     

Automotive
Infotainment Making HDTV in the car reliable and secure

December 15, 2011 | Texas instruments | 222901974

Unique Ser/Des technology supports encrypted video and audio content with full duplex bi-directional control channel over a single wire interface.

 

You must be logged in to view this page

Login here :