Acquisition of Zarlink Limited
HMT acted for MHS Industries in its acquisition of the analogue semiconductor business of Zarlink.
MHS Industries is high technology group based in France, specialising in the design and manufacture of high reliability and high quality silicon wafers which are supplied to markets including space, avionics and bionics.
In line with its growth strategy, it identified the semiconductor business of Zarlink, a direct competitor based in Swindon, which had become non-core to its US parent company. The principal rationale of the acquisition is to consolidate fragmented operations to take advantage of new market opportunities and exploit the technical expertise of the enlarged group with new products.
“With MHS already one of the leading European semiconductor manufacturers, we believe that the acquisition of the Swindon business, which has a strong reputation, adds significant volume to the business. Indeed the group appears well positioned to continue its success, particularly though a number of new market opportunities”.