Austin-based Silicon Laboratories has signed a definitive agreement to acquire Boston-based Ember Corp. for $72 million.
Ember makes chips, hardware and software used in wireless smart meters for and the home.
“This acquisition of a high-caliber team with proven wireless mesh networking know-how accelerates our ability to offer complete system solutions to our customers,” Tyson Tuttle, president and CEO of Silicon Laboratories, said in a statement.
“We believe our track record and technology leadership in ZigBee-based systems combined with Silicon Labs’ broad portfolio and focus on establishing a market-leading business in embedded wireless will enable our customers and the Internet of Things market to grow faster,” said Bob LeFort, chief executive officer of Ember.
Ember is expected to contribute approximately $10 million to $12 million in revenue in the second half of 2012. Ember has approximately 60 employees worldwide.