Infineon Technologies AG has sold its bulk acoustic wave business to Avago Technologies, a portfolio company of KKR and Silver Lake Partners. The deal is valued at approximately €21.5 million. Avago is currently in registration for a $400 million IPO.
Avago Technologies announced today that it acquired Infineon Technologies AG’s bulk acoustic wave (BAW) business, based in Munich, Germany. Under the terms of this agreement, Avago paid Infineon approximately 21.5M EUR in cash.
Infineon’s bulk acoustic wave (BAW) business is a leader in high precision RF filtering for wireless applications and complements Avago’s existing film bulk acoustic resonator (FBAR) filtering technologies. This acquisition provides Avago with several strategic assets, including a strong IP portfolio and highly experienced R&D team, which forms the core team for Avago’s recently established wireless R&D center in Munich, Germany. This development team will focus on building upon Avago’s existing FBAR filter product portfolio, which offers industry leading performance and manufacturability. The BAW products will be discontinued and obsolescence notices have been sent to affected customers.
“The acquisition of Infineon’s BAW business is in line with Avago’s commitment to strengthening our position in the analog RF wireless market,” said Bryan Ingram, senior vice president and general manager of Avago’s wireless semiconductor division. “The Infineon team pioneered BAW filter design and manufacturing techniques, which are complementary to our existing FBAR filter technologies.”
About Avago Technologies
Avago Technologies is a leading supplier of analog interface components for communications, industrial and consumer applications. By leveraging its core competencies in III-V compound and silicon semiconductor design and processing, the company provides an extensive range of analog, mixed signal and optoelectronics components and subsystems to more than 40,000 end customers. Backed by strong customer service support, the company’s products serve four diverse end markets: industrial and automotive, wired infrastructure, wireless communications, and computer peripherals. Avago has a global employee presence and heritage of technical innovation dating back 40 years to its Hewlett-Packard roots. Information about Avago is available on the Web at www.avagotech.com.