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Universal Electronics Acquires Assets, Personnel From Zilog

2/19/2009 09:55:00 AM Eastern

Cypress, Calif. — Universal Electronics (UEI) announced today it has purchased universal remote control software and other intellectual property, related assets and personnel from Zilog.

Zilog is supplier of application specific, embedded system-on-chip solutions.

UEI said in a statement it “acquired certain of Zilog’s patents and other intellectual property and assets related to its universal remote control business, including Zilog’s full library and database of infrared codes, and software tools.”

In personnel matters, UEI said it has hired Dr. Norman Sheridan, Zilog’s technology and operations executive VP and chief technology officer, as well as other business, sales and engineering personnel, including all of Zilog’s personnel located in India.

In what’s described as a “related transaction,” Maxim Integrated Products acquired two of Zilog’s product lines: the hardware portion of Zilog’s wireless control business and Zilog’s secured transaction product line.

Paul Arling, UEI's chairman and CEO, said in the release, “This acquisition will expand the breadth and depth of our customer base in both subscription broadcasting and original equipment manufacturing, particularly in Asia. Through additional patents and software, we have further strengthened our leadership position as a provider of wireless control solutions for which our customers will see immediate benefits. Also, we expanded our relationship with Maxim, a world-class and leading provider of high performance semiconductor products. Maxim will bring new options to UEI’s current array of diverse and powerful microcontrollers. We expect this transaction to be mildly accretive in the first year and grow more significantly in the long term.”

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