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Article: Apex sells to Cirrus Logic in $42M deal.
- Article from:
- AZ Daily Star
- Article date:
- July 13, 2007
CopyrightCOPYRIGHT 2007 The Arizona Daily Star. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Jul. 13--Tucson-based Apex Microtechnology Corp., will be acquired for $42 million in cash by Austin, Texas-based Cirrus Logic Inc., a circuit designer.
Apex, 5980 N. Shannon Road, makes high-power analog amplifier products, which will keep the Apex brand.
The privately held Apex employs about 90 people and generated revenue of about $20 million last year.
Apex's president and CEO, Debbie Drysdale, who has led the company since 2002, will leave the company with the close of the acquisition by the end of August, a Cirrus spokesman said.
The company's operations are expected to remain in Tucson.
Cirrus Logic's president and CEO, ...