QRG Ltd

Meridian Corporate Finance LLP (“MCF”) advised the shareholders on the disposal of Quantum Research Group Limited (“QRG”) to Nasdaq listed Atmel Corporation Inc for a total consideration of $130m.

Founded in 1996 in a small office above a shop, the company now employs 50 people from the head office in Hamble, with a further 7 offices around the world. QRG is recognised as one of the world’s leaders in the exciting field of capacitive sensing. Consumers will be familiar with this “touch screen” technology from electronic interfaces on the iPod and iPhone, mobile phones and other electronics devices.Quantum has an enviable customer base, dealing with customers such as Apple, Sony, GE, Motorola, Nokia, and Philips.

Atmel are a manufacturer of microchips for use in a range of consumer electronics applications, but particularly hand held devices. The acquisition of QRG will significantly boost Atmel’s technology base and enable the company to access new customers. There are strong synergies between the two companies as Atmel are one of Quantum’s largest suppliers.

Atmel plan to rapidly expand the workforce in the Hamble office in order to service the rapidly growing customer base and voracious worldwide demand. Current CEO Hal Philipp will be taking the role of Chief Technology Officer.

Hal Philipp of Quantum commented “this is a fantastic deal for the shareholders, staff and customers of Quantum. When Atmel approached me, I immediately knew they would be the right partner to help take the business to the next level. I am immensely proud of what we have built and very much look forward to seeing the business and team develop over the next few years.”

“I would particularly like to thank the Meridian team, whose advice and experience were truly magnificent, and without whom this deal would never have initiated or been valued as high as it was. When I think back on the past 3 months, I have to say the orchestration was perfect.

”Legal advice to QRG was provided by Sean Wright and Stephen Porter of Shoosmiths.