Bosch set to acquire RF specialist ItoM
Bosch is set to acquire high frequency IC design company Semiconductor Ideas to the Market (ItoM) BV (Eindhoven, The Netherlands) for an undisclosed sum.
Former Philips engineers, including the current CEO Harm van Rumpt, founded ItoM in 1998. The company is specialized in high-frequency processing components and has 30 employees.
Bosch is making the acquisition to strengthen its expertise in high-frequency processing automotive SoCs. ItoM has development sites in Eindhoven and Enschede and both are to be expanded.
“We have core expertise on mixed-signal IC design and bring a strong team to the table. Bosch offers the ideal framework to grow. I am convinced that the merger will open up completely new perspectives for our company and our employees,” said Edwin Veldman, managing partner at ItoM.
The acquisition is subject to approval by the antitrust authorities.
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