Power Integrations (POWI) agrees to acquire privately-held CT Concept Technologie for ~$115M,...

|By:, SA News Editor

Power Integrations (POWI) agrees to acquire privately-held CT Concept Technologie for ~$115M, net of cash assumed. POWI estimates the acquisition will add ~10% to its annual revenues and expects the transaction to be immediately accretive to gross margin, operating margin and EPS.