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Dialog to Buy SiTel

KIRCHHEIM, Germany — Dialog Semiconductor plc (FWB:DLG), a leading provider of highly integrated power management semiconductor solutions for portable devices including Smartphones and Tablet PCs, is pleased to announce that it has completed a transaction to acquire SiTel Semiconductor B.V. ('SiTel'), a leader in short-range wireless, digital cordless and VoIP technology.

Acquisition Highlights:

• Adds short-range wireless connectivity and VoIP to Dialog's existing technology portfolio
• Adds major global customers in the portable device market
• Significantly expands Dialog's addressable market targeting high growth wireless personal portable devices – unit shipments of over 100 million in 2010
• An established, cash-generative and profitable business with unaudited 2010 revenue of $116.9 million, of which approximately 90% were standard products
• Enterprise value of $86.5 million
• Expected to be accretive in Q3 2011
• Net cash paid of $84.5 million

{complink 12485|Dialog Semiconductor plc}

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