Semtech Corp. completed its acquisition of Gennum Corp., a move that will create instant opportunity for Semtech in the video and data communication markets. The deal between Camarillo-based Semtech and Gennum, headquartered in Toronto, is valued at $500 million. Gennum will now be known as Semtech Canada Inc. The combination of Semtech and Gennum signal products creates a robust analog and mixed signal semiconductor portfolio targeted at the communications and enterprise computing segments,” said Semtech President and CEO Mohan Maheswaran. “This will enable us to help customers reduce bottlenecks in the access, metro and core networks, as demand for bandwidth continues to escalate,” Maheswaran said. Semtech serves several diverse industries, including enterprise computing, industrial, communications and high end consumer products. The company employs 168 people in the San Fernando Valley region and has a total workforce of more than 900. Semtech will finance the purchase with cash and a portion of $400 million from Jeffries Finance LLC, a global investment bank headquartered in New York City that was an adviser on the deal. Mark R. Madler
