Silicon Labs Completes Acquisition of Sigma Designs' Z-Wave Business

Silicon Labs and Sigma Designs announced the completion of Silicon Labs' acquisition of Sigma Designs' Z-Wave business, including a team of approximately 100 employees, for $240 million in an all-cash transaction. Z-Wave is a leading mesh networking technology for the smart home. More than 2,400 certified, interoperable Z-Wave devices are available from the thriving Z-Wave Alliance of more than 700 manufacturers and service providers worldwide.