Semtech Buys EnVerv

Camarillo-based Semtech said this morning that it has acquired the assets of EnVerv, a developer of power line communication and smart grid products. Financial terms of the buy were not disclosed. Semtech said that EnVerv's team of employees has joined the company with the acquisition. EnVerve develops low- and medium-voltage, power line communications technology, which has been used in smart metering and telecom applications.