US-based microcontroller and touch technology solutions provider Atmel has announced the acquisition of California-based Integrated Device Technology’s (IDT) smart meter business.
The financial terms of the deal were not disclosed.
As a part of the deal, Atmel has acquired IDT’s Metrology Analog Front End (AFE) and System-On-Chip (SoC) devices for single- and poly-phase energy meters.
The smart metering IC products provide single-phase and poly-phase measurement accuracy and complements Atmel’s smart metering products.
Atmel president and CEO Steve Laub said the acquisition has further broadened the company’s smart energy solutions portfolio.
"By offering a broader, more integrated product portfolio, existing IDT and Atmel customers now have access to a more complete and compelling suite of smart energy solutions that will enable a wider range of applications," Laub added.
Atmel’s smart metering portfolio includes the single-chip power line communications (PLC)-based solution targeting the rapidly growing PRIME smart metering market.