Simmons & Simmons has advised Dialog Semiconductor plc (Dialog), a leading provider of highly integrated power management semiconductor solutions for portable devices, on its acquisition of ELTX Holding B.V. (ELTX) for an enterprise value of US$ 86.5 million. ELTX is the holding company of SiTel Semiconductor B.V., a leader in short-range wireless, digital cordless and VOIP technology.

The Simmons & Simmons team advising on the transaction included lawyers from Amsterdam, Brussels, London and Hong Kong. The team was led by corporate partners Edward Baker and Pieter van Uchelen, and included corporate associates Danielle Di Pietro, Floris de Ruiter and Alice Steward.

Dialog is a new client for Simmons & Simmons and is headquartered near Stuttgart. In 2010, it had US$296.6 million in revenue and was one of the fastest growing European public semiconductor companies. The company is listed on the Frankfurt (FWB: DLG) stock exchange and is a member of the German TecDax index.

Commenting on the transaction, Mark Tyndall, Vice President, Business Development and Corporate Strategy at Dialog, said: “The advice and support the Simmons & Simmons team gave us throughout the transaction was excellent. We really enjoyed working with them – they felt like an extension of our team.”