M&A Deal Summary

Texas Instruments Acquires Chipcon Group AS

On December 21, 2005, Texas Instruments acquired semiconductors company Chipcon Group AS from Verdane for 200M USD

Acquisition Highlights
  • This is Texas Instruments’ 6th transaction in the Semiconductors sector.
  • This is Texas Instruments’ 10th largest (disclosed) transaction.
  • This is Texas Instruments’ 1st transaction in Norway.

M&A Deal Summary
Date 2005-12-21
Target Chipcon Group AS
Sector Semiconductors
Buyer(s) Texas Instruments
Sellers(s) Verdane
Deal Type Add-on Acquisition
Deal Value 200M USD

Target

Chipcon Group AS

Oslo, Norway
Chipcon is a designer of short-range, low-power wireless RF (radio frequency) transceiver devices.

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Buyer(S) 1

Buyer

Texas Instruments

Dallas, Texas, United States
Category Company
Founded 1930
Sector Semiconductors
Employees34,000
Revenue 17.5B USD (2023)
DESCRIPTION
Entrance to Texas Instruments' corporate headquarters in Dallas, Texas.
Entrance to Texas Instruments' corporate headquarters in Dallas, Texas.

Texas Instruments is a semiconductor design and manufacturing company that develops analog ICs and embedded processors. Texas Instruments was formed in 1930 and is based in Dallas, Texas.

DEAL STATS #
Overall 21 of 29
Sector (Semiconductors) 6 of 13
Type (Add-on Acquisition) 20 of 28
Country (Norway) 1 of 1
Year (2005) 1 of 1
Size (of disclosed) 10 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-03-01 Condat AG

Berlin, Germany

Condat AG is a developer of wireless communication software and platforms for mobile business applications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-24 Radia Communications

Sunnyvale, California, United States

Radia Communications, Inc. is a fabless semiconductor company specializing in the development of radio frequency (RF) semiconductor, subsystem, signal processing and networking technologies for 802.11 wireless local area networking (WLAN) multi-band/multi-mode radios.

Buy -

Seller(S) 1

SELLER

Verdane

Oslo, Norway

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1985
PE ASSETS 1.2B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Verdane is a Norwegian private investment focused on acquiring portfolios of investments. In addition to secondary investing, Verdane also invests in co-investment pools as well as makes direct investments in individual growth companies. Sectors of interest include consumer products/services, software, energy, technology, and communications. Verdane provides support to portfolio owners to reduce exposure to private equity risk, achieve liquidity and free owners from the burden of managing direct investments. The majority of Verdane's investments are growth stage, however, the Firm can invest at any stage of development. Verdane was formerly known as Four Seasons Venture AS and was established in 1985. Verdane is based in Oslo, with additional offices in Helsinki and Stockholm.

DEAL STATS #
Overall 2 of 46
Sector (Semiconductors) 1 of 1
Type (Add-on Acquisition) 1 of 32
Country (Norway) 1 of 15
Year (2005) 2 of 2
Size (of disclosed) 3 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-08 TradeDoubler

Stockholm, Sweden

TradeDoubler is a global digital marketing company. TradeDoubler was founded in 1999 and is based in Stockholm, Sweden.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-09 Spring Consulting AS

Stockholm, Sweden

SAP consulting company.

Sell -
Mergr

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