TI Acquires POWERPRECISE Solutions To Expand Power Management Business
Texas Instruments Inc. (TI) announced that it acquired POWERPRECISE Solutions, Inc., a fabless portable power management integrated circuit (IC) solutions company based in Herndon, Virginia. According to the companies, the acquisition combines what is described as POWERPRECISE’s advanced technologies, design expertise and innovative products with TI’s extensive analog and power management portfolio.
Acquiring POWERPRECISE allows TI to accelerate development of battery and power management ICs for consumer, automotive, medical, computing and industrial applications, such as robotics, power tools, electric bicycles, as well as large battery systems, such as those used in hybrid-electric vehicles (HEVs) and uninterruptible power supply (UPS) systems.
"Designers continue to demand innovative power management solutions to address complex battery power challenges," said Dave Heacock, Senior VP of TI’s high-volume analog business. "Adding POWERPRECISE’s products and expertise expands our large portfolio of complete battery management ICs that support a range of end applications from portable media players to power drills to automotive designs."
Gary Davison, founder, CEO and President of POWERPRECISE, said, "This acquisition is a tremendous opportunity for us to add key talent, technology and product streams to TI’s wide-reaching power management business. By taking advantage of advanced silicon processes, we will provide innovative technology that will help customers drive performance and value, and differentiate their products."
POWERPRECISE was founded in 2002, and currently has offices in Herndon, Virginia; Taipei, Taiwan; and San Jose, California. The company, which has 28 employees, offers battery and energy management mixed-signal ICs for primary and rechargeable battery packs used in various consumer, industrial and computing applications.
