ARM Buys Apical For $350 Mln - Quick Facts

(RTTNews) - UK-based chipmaker ARM Holdings Plc. (ARM.L, ARMH) said Wednesday that it acquired UK-based technology company Apical Limited for $350 million in cash. The deal closed on 17 May 2016.

ARM said the acquisition accelerates ARM ecosystem's growth into new markets such as connected vehicles, robotics, smart cities, security systems, industrial/retail applications and Internet of Things devices. Apical's technology will complement the ARM Mali graphics, display and video processor roadmap with products that include Spirit, Assertive Display, and Assertive Camera.

ARM added that Apical's advanced imaging products are used in more than 1.5 billion smartphones and about 300 million other consumer/industrial devices, including IP cameras, digital stills cameras and tablets.