Cirrus Logic acquires Italy's INVENTVM Semiconductor; terms undisclosed, no material revenue impact

CIRRUS LOGIC, INC.

Cirrus Logic (NASDAQ: CRUS) acquired INVENTVM Semiconductor S.r.l., a fabless mixed-signal power management and audio IC company based in Pavia, Italy.
Financial terms of the transaction were not disclosed, and Cirrus said the deal will not have a material impact on its revenue.
CEO John Forsyth said the deal adds innovative IP, expands engineering capacity and talent depth, and supports growth in new applications and markets.
INVENTVM CEO Michele Chiabrera said joining Cirrus Logic will let the team advance its technology and support customers within a larger global organization.
Cirrus said it intends to expand further in the region; the two teams have worked together closely for several years.

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