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Anadigics Acquires Telcom Devices Corp.

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WARREN, N.J., April 3 – Anadigics Inc. announced that it has acquired Telcom Devices Corp. in Camarillo, Calif., a manufacturer of indium phosphide-based photodiodes for the telecommunication and data communication markets. The acquisition is part of Anadigics' strategy to provide high-performance, chip set solutions by adding long-wavelength PIN photodiodes and unique packaging capabilities to its fiber product line. The transaction will be accounted for as a purchase and is valued at $28 million, plus certain earn-out payments tied to future financial performance targets, for a potential...Read full article

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    Published: April 2001
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