Silicon Labs recently announced that it has entered into a definitive asset purchase agreement with Pillsbury client Redpine Signals to acquire the company's Wi-Fi and Bluetooth business, development center in Hyderabad, India and extensive patent portfolio for $308 million.
Silicon Labs is a leading provider of silicon, software and solution products focused on performance, energy savings, connectivity and simplicity. The company’s award-winning technologies are shaping the future of the Internet of Things, Internet infrastructure, industrial automation, consumer and automotive markets.
Redpine Signals is a global semiconductor and system solutions company focused on innovative development of ultra-low power and high-performance wireless and MCU products for next-generation IoT, wearable, home automation, medical, industrial and automotive applications.
Both companies have approved the transaction, which is expected to close in the second quarter of 2020.
A team of Pillsbury lawyers led by Corporate partner Allison Leopold Tilley represented Redpine Signals in the deal. The team included partners Keith Ranta, David Jakopin and Cindy Schlaefer, counsel Laura Watts and Colleen Lamarre and associates Andrew Simon-Rooke, Janessa Ingram and Supriya Krishnan.