Analog Devices ‘Always on the Look’ for New Acquisition Targets, Says CEO
Analog Devices will continue taking a “very disciplined” approach to future acquisitions, said CEO Vincent Roche on a Wednesday earnings call. “At a very high level, our strategy is really focused on acquiring assets that improve our competitive boat.” The…
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company’s goal “is to acquire technologies and engineering capabilities that will enhance us, make our portfolio more complete, to meet the demands of the markets and customers in the future,” he said. “That's the path we'll continue to be on.” He declined to discuss “specific targets,” other than to say “we're always looking, but our standards are very, very high.” That was “the case” when Analog Devices completed its $14.8 billion Linear Technology buy in March 2017, said Roche. “I'm very pleased with where we are now in terms of our overall portfolio, but we're always on the look.”