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Semtech (SMTC) Acquires Triune Systems in $45M Deal
March 4, 2015 4:28 PM ESTSemtech (NASDAQ: SMTC) announced that it has completed the acquisition of Triune Systems, L.L.C. (Triune Systems), a privately-held supplier of wireless charging and power management platforms targeted at high and low power, high efficiency applications. The acquisition will add approximately 35 employees with the majority of these employees based in Plano, Texas. Ross Teggatz, Founder and Chief Executive Officer of Triune Systems, will join Semtech as Senior Vice President and General Manager of Semtechs Power Management and High-Reliability Product Group reporting directly to Semtechs President and Chief Executive Officer, Mohan Maheswaran.
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