Hogan Lovells has advised Dialog Semiconductor, a UK-based provider of highly integrated power management, in its acquisition of Santa Clara’s Silego Technology, Inc., the leading provider of Configurable Mixed-signal ICs (CMICs).

Dialog has agreed to pay $276 million for Silego, with another $30.4 million contingent on revenue targets over the next 15 months. The acquisition will allow Dialog to rapidly expand its market to the Internet of Things, mobile computing and automotive industries as well as differentiate its product offering to semiconductor mobile phone manufacturers.

The acquisition of Silego is projected to close in the fourth quarter of 2017, subject to customary closing conditions.

The Hogan Lovells team was led by Silicon Valley-based M&A partners Keith Flaum and Christopher Moore. They were supported by Corporate associates Annie Kang and Liz Baker, Intellectual Property partners John Brockland and Chris Mammen and IP associates Max Scott and Whei Hsueh; Employee Benefits partner Carin Carithers,senior associate Meg McIntyre and associate Ben Clark; Antitrust and Competition partner Michele Harrington and senior associate Robert Baldwin, III; and Tax partner Babak Nikravesh.