12 September 2011
Broadcom to acquire NetLogic Microsystems
Wired and wireless communications company, Broadcom, is to acquire next generation networks specialist, NetLogic Microsystems in a deal worth $3.7billion.
The deal will extend its infrastructure portfolio with technologies such as knowledge based processors, multicore embedded processors and digital front end processors. According to Broadcom, the combination will enable it to deliver 'best in class' integrated network platforms.
The transaction, which is expected to close in the first half of 2012, has been approved by both companies' boards of directors and is subject to customary closing conditions.
Scott McGregor, Broadcom's president and ceo, pictured, said: "With NetLogic Microsystems, Broadcom is acquiring a leading multicore embedded processor solution, market leading knowledge based processors and unique digital front end technology for wireless base stations that are key enablers for the next generation infrastructure build out. Broadcom is now better positioned to meet growing customer demand for integrated, end to end communications and processing platforms for network infrastructure."
Ron Jankov, NetLogic Microsystems' president and ceo, added that the deal is a 'strong win' for customers, shareholders and NetLogic Microsystems employees. "Our industry leading product portfolio will benefit from access to Broadcom's broad set of leading edge technologies, tools, resources and eco system, which will enable the combined company to offer a complete and integrated platform for our customers' next generation designs. Our employees will benefit from the strong cultural alignment with Broadcom, and from joining forces with an equally aggressive and energetic organization with the same relentless focus on engineering excellence and innovation."