ACTRANAcoustic Transmission
ACTRANAnalog Computer Translator
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TELECOMWORLDWIRE-12 April 2005-SST acquires Actrans in USD20m deal(C)1994-2005 M2 COMMUNICATIONS LTD
Silicon Storage Technology, Inc., (Nasdaq:SSTI), a flash memory technology company, has announced that it has acquired substantially all of the shares of privately held Actrans Systems, Inc., a fabless IC company that designs flash memory and EEPROM.
Under the terms of the share purchase agreement, which was signed on 11 April 2005, the company will pay Actrans' shareholders approximately USD20m in common stock and cash.