Silicon Labs Completes Acquisition of Sigma Designs' Z-Wave Business

Silicon Labs has completed the acquisition of Sigma Designs' Z-Wave business, including a team of approximately 100 employees, for $240 million in an all-cash transaction. Z-Wave is a leading mesh networking technology for the smart home. More than 2,400 certified, interoperable Z-Wave devices are available from the thriving Z-Wave Alliance of more than 700 manufacturers and service providers worldwide.

Combining Z-Wave's mesh technology and product interoperability focus with Silicon Labs' multiprotocol expertise gives smart home developers access to a large, varied network of ecosystems and to a full range of end-node technology options that open the door to millions of potential smart home users. The strategic acquisition complements Silicon Labs' comprehensive wireless hardware and software portfolio for the smart home, which today includes Wi-Fi, Zigbee, Thread, Bluetooth and proprietary protocols.

Silicon Labs expects the acquisition to be accretive to 2018 non-GAAP earnings.