Texas Instruments is to acquire Berlin-based Condat, a developer of wireless communication software.
Through the deal, TI will gain wireless software R & D centres in Berlin, Germany, and Edinburgh, Scotland, and will be able to strengthen its existing Aalborg, Denmark, R&D facility.
As part of the agreement, a company owned by the founders of Condat, Condat Informationssysteme, will acquire current Condat businesses that focus on enterprise software applications, systems integration, and wireless testing solutions. In addition, the company will acquire Condat’s equity interest in Purple Labs SA, a developer of reference designs for wireless smart phones.
Condat Informationssysteme will work as an independent OMAP Technology Centre and receive a development license for its protocol stack software for use in its wireless test systems business.
Condat employs about 380 people in Berlin, Munich, Aachen, and Hamburg, Germany, at additional R&D centres in Aalborg, Denmark and Edinburgh, Scotland and at a customer support centre in Taipei, Taiwan.
Approximately half of these employees will remain with TI while the other half will transfer with the assets related to Condat Informationssysteme.
Condat’s supervisory board has approved the acquisition and the company’s works council has been informed.
Completion of the acquisition is contingent upon regulatory approvals and the securing of at least 95% of the outstanding shares.