MaxLinear Completes Acquisition of Physpeed Co., Ltd.
November 04, 2014
Transaction Accelerates Entry Into Enterprise and Telecommunications Infrastructure Markets
MaxLinear Inc. (NYSE: MXL), a leading provider of integrated radio frequency (RF) and mixed-signal integrated circuits for broadband communications applications, today announced that it has completed the acquisition of Physpeed Co., Ltd., a privately held developer of high-speed physical layer interconnect products addressing enterprise and telecommunications infrastructure market applications.
MaxLinear will pay approximately $11.0 million in cash in exchange for all outstanding shares of capital stock and equity of Physpeed. A portion of the consideration payable to the former shareholders of Physpeed will be placed into escrow pursuant to the terms of the definitive merger agreement. In addition, the definitive merger agreement provides for potential earn-out consideration of up to $750,000 to the former shareholders of Physpeed for the achievement of certain 2015 and 2016 revenue milestones. MaxLinear has also entered into retention and performance-based agreements with Physpeed employees for up to $3.25 million to be paid in cash or shares of MaxLinear Class A common stock based on the achievement of 2015 and 2016 revenue milestones.
Company Details
- Industry
- Telecommunications
- NAICS
-
TelecommunicationsOther TelecommunicationsTelecommunications ResellersAll Other Telecommunications
- Keywords
- Pleasanton.
Physpeed Corporation (Acquired By Maxlinear Inc.) Questions
Physpeed Corporation (Acquired By Maxlinear Inc.)'s website is https://www.maxlinear.com/news/press-releases/2014/maxlinear-completes-acquisition-of-physpeed-co-,-l
Physpeed Corporation (Acquired By Maxlinear Inc.)'s LinkedIn profile is https://www.linkedin.com/company/physpeed-corporation-acquired-by-maxlinear
Physpeed Corporation (Acquired By Maxlinear Inc.)'s industry is
Telecommunications
Physpeed Corporation (Acquired By Maxlinear Inc.)'s top competitors are
Maxlinear,
Zurich-Basel Plant Science Center,
Rambus,
Qubercomm Technologies, Inc.,
Lfc Semiconductor,
Frenustech Pvt Ltd,
Vaag Systems Inc,
Semiconductor Association Of India 🇮🇳,
Qualcomm,
Maxlinear Israel.
Physpeed Corporation (Acquired By Maxlinear Inc.)'s categories are Telecommunications
