M&A Deal Summary

Cisco Systems Acquires Frontier Services - DVN Set-Top Box

On November 2, 2009, Cisco Systems acquired technology hardware company Frontier Services - DVN Set-Top Box from Frontier Services Group for 45M USD

Acquisition Highlights
  • This is Cisco Systems’ 29th transaction in the Technology Hardware sector.
  • This is Cisco Systems’ 112th largest (disclosed) transaction.
  • This is Cisco Systems’ 1st transaction in China.

M&A Deal Summary
Date 2009-11-02
Target Frontier Services - DVN Set-Top Box
Sector Technology Hardware
Buyer(s) Cisco Systems
Sellers(s) Frontier Services Group
Deal Type Divestiture
Deal Value 45M USD

Target

Frontier Services - DVN Set-Top Box

China
Frontier Services - DVN Set-Top Box business is a developer and marketer of digital cable boxes.

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Buyer(S) 1

Buyer

Cisco Systems

San Jose, California, United States

website

Category Company
Founded 1984
Sector Technology Hardware
Employees83,300
Revenue 51.6B USD (2022)
DESCRIPTION
Entrance to Cisco's corporate campus in San Jose, California.
Entrance to Cisco's corporate campus in San Jose, California.

Cisco Systems designs, manufactures, and sells Internet Protocol (IP)-based networking and other products related to the communications and information technology (IT) industry and provides services associated with these products and their use. Cisco provides a broad line of products for transporting data, voice, and video within buildings, across campuses, and around the world. The Company's products are designed to transform how people connect, communicate, and collaborate, and are installed at enterprise businesses, public institutions, telecommunications companies and other service providers, commercial businesses, and personal residences. Cisco was founded in 1984 and is based in San Jose, California.

DEAL STATS #
Overall 137 of 222
Sector (Technology Hardware) 29 of 39
Type (Divestiture) 6 of 7
Country (China) 1 of 1
Year (2009) 5 of 6
Size (of disclosed) 112 of 133
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-27 ScanSafe

Wilmington, Delaware, United States

ScanSafe is a provider of software-as- a-service (SaaS) Web security solutions for organizations ranging from global enterprises to small businesses.

Buy $183M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-18 Starent Networks

Tewksbury, Massachusetts, United States

Starent Networks Corp. is a provider of IP-based mobile infrastructure solutions for mobile and converged network operators.

Buy $2.9B

Seller(S) 1

SELLER

Frontier Services Group

Admiralty, China

website

Category Company
Sector Transportation
Employees1,816
Revenue 756M USD (2021)
DESCRIPTION

Frontier Services Group is a logistics solutions provider in frontier markets. Serving sectors across oil and gas, mining and humanitarian relief organizations, FSG is able to support customer’s needs around moving goods, material and people in to, and out of, some of the fastest growing, but more difficult operating environments in a safe, reliable and cost-effective manner. Frontier Services Group is based in Admiralty, China.

DEAL STATS #
Overall 1 of 1
Sector (Technology Hardware) 1 of 1
Type (Divestiture) 1 of 1
Country (China) 1 of 1
Year (2009) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-29 Phoenix Aviation

Nairobi, Kenya

Phoenix Aviation Ltd. is a private executive air charter company. Phoenix originally focused on the repair and maintenance of light aircraft within East Africa and air ambulance services; both of which still constitute a significant part of its business.

Buy $14M
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