Analog Devices Acquires Innovasic
27 Oktober 2016 - 2:00PM
Business Wire
Adds Deterministic Ethernet Technology and
Expertise for Robust, Real-Time Connectivity in Highly-Synchronized
Industrial Automation Networks and Industrial IoT
Analog Devices, Inc. (NASDAQ: ADI) today announced the
acquisition of Innovasic Inc., a leading provider of Deterministic
Ethernet semiconductor and software solutions. The acquisition adds
a suite of multiprotocol Industrial Ethernet solutions and key
enabling technologies to ADI’s Smart Automation Solutions portfolio
for industrial automation and Industrial Internet of Things
(IoT).
With the industrial automation market already transitioning from
serial fieldbus to Ethernet connectivity, and with the simultaneous
push toward a ubiquitous Industrial IoT, there is a clear need for
highly reliable, real-time Ethernet connectivity for sensitive
industrial automation applications. The acquisition of Innovasic
will give ADI customers immediate access to a set of innovative
solutions for today’s Industrial Ethernet applications while also
creating a best-in-class roadmap for future connectivity needs like
Industrial IoT. These solutions will complement ADI’s existing
high-performance Industrial Automation solutions, including
Software Configurable IO, Field Instruments, and efficient servo
drives.
- Find more information about Innovasic’s
Deterministic Ethernet solutions:
http://www.innovasic.com/industrial-networking-solutions
- Find more information about ADI’s
automation solutions:
http://www.analog.com/en/applications/markets/process-control-and-industrial-automation.html
- Find more information about ADI’s motor
control solutions:
http://www.analog.com/en/applications/markets/motor-control-pavilion-home.html
“In environments such as automotive manufacturing, where teams
of robots are working in tandem in harsh and noisy conditions, our
automation customers demand robust, synchronized, network
technology,” said Kevin Carlin, General Manager of ADI’s Automation
Business Unit. “These customers also strive to achieve the
efficiency and cost improvements promised by wider deployment of
Ethernet with the upcoming Industrial IoT. The IEEE has recognized
that new standards will be required to enable Ethernet to meet the
determinism demands for these emerging applications and is
developing the new Time Sensitive Networks (TSN) standards.
Innovasic technology not only addresses today’s Industrial
Ethernet, but has also been demonstrated to address some of the
early requirements of these new IEEE TSN standards. With this
acquisition, ADI is now able to offer its customers a path forward
from the sensor to the connected future of Industrial IoT.”
The Innovasic team will join ADI’s Industrial Automation
Business Unit and operate as a key technology group, developing the
company’s Deterministic Ethernet technology solutions and
continuing to supply industrial customers with its portfolio of
long life-cycle semiconductors. The team will be led by Jordon
Woods, Innovasic’s co-founder and COO, and continue to be based in
Albuquerque, New Mexico.
“We are excited to become part of Analog Devices and its ‘Smart
Automation’ solution set,” said Woods. “Innovasic and ADI have both
pursued solutions to customers’ most challenging technical problems
while committing to maintain long product life cycles to meet the
unique requirements of the industrial market. Together, we will be
able to effectively and efficiently solve the communications needs
of customers serving the most demanding industrial automation
environments on the planet.”
About Analog DevicesAnalog Devices 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.
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
Innovasic, expected advances in our technology and product
development efforts, including in the Industrial IoT and industrial
automation market segments, and expected benefits and future
development of the acquired products, technology and solutions,
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; the acquired
products, technology and solutions may not be successfully
integrated with ADI’s following the closing; difficulty or delay in
the design, development, production and marketing of the acquired
products, technology and solutions; 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.
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journal, at: http://www.analog.com/library/analogDialogue/
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version on businesswire.com: http://www.businesswire.com/news/home/20161027005137/en/
Analog Devices, Inc.Linda Kincaid,
781-937-1472linda.kincaid@analog.comorPorter NovelliAndrew
MacLellan, 617-897-8270andrew.maclellan@porternovelli.com
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