IXYS Corp. (NasdaqGS:IXYS) entered into a definitive agreement to acquire RadioPulse Corporation from ESang Technology Investment and others for $20.9 million on February 2, 2015. Under the agreement, the shareholders of RadioPulse will receive an up-front payment of up to $14.9 million in cash and potentially up to $6 million in earnout consideration. During the year ended December 31, 2014, RadioPulse's revenues were approximately $7.9 million.

The transaction is subject to approval by regulatory board, third party approvals, resignation of RadioPulse Directors, execution of non competition, escrow and employment agreements. The Board of Directors of both IXYS and RadioPulse have unanimously approved the acquisition, which awaits the satisfaction of customary closing conditions. The deal is expected to close by March 31, 2015. Kang-Ho Jhe of Kim, Chang & Lee acted as the legal advisor for RadioPulse Corporation. Taek-Shin Kwon of Heritage Law Office acted as the legal advisor for ESang Technology Investment and others.

IXYS Corp. (NasdaqGS:IXYS) completed the acquisition of RadioPulse Corporation from ESang Technology Investment and others on May 1, 2015.