Semtech Buys Triune Systems For Wireless Charging

Camarillo-based Semtech said late Wednesday that it has acquired Triune Systems, a developer of wireless charging and power management systems. Semtech said it paid approximately $45M, plus earn out, for Triune. Triune was based in Texas, and has 35 employees, all of whom are joining Semtech. Triune's products are aimed at the wearable, industrial, and automotive market, where the company's platform can deliver up to 100W of power. Semtech said the deal is expected to be slightly accretive for its fiscal year 2016.