ON Semiconductor reports SDT acquisition

ON Semiconductor, a supplier of silicon solutions for green electronics, has acquired Sound Design Technologies (SDT), a manufacturer of semiconductor solutions for portable DSP applications, from an affiliate of equity firm Global Equity Capital in an all-cash transaction for initial consideration of approximately $22m (£15m).

Under the terms of the acquisition, the seller will also have the ability to receive additional earn-out proceeds of up to $10m if, among other things, SDT is able to meet certain revenue thresholds in 2010, 2011 and 2012.

SDT will become an integrated part of ON Semiconductor’s Medical Division, based in Waterloo, Ontario, Canada.