M&A Deal Summary

Infineon Technologies Acquires Ericsson Microelectronics

On June 13, 2002, Infineon Technologies acquired electronics company Ericsson Microelectronics from Ericsson for 400M EUR

Acquisition Highlights
  • This is Infineon Technologies’ 1st transaction in the Electronics sector.
  • This is Infineon Technologies’ 3rd largest (disclosed) transaction.
  • This is Infineon Technologies’ 1st transaction in Sweden.

M&A Deal Summary
Date 2002-06-13
Target Ericsson Microelectronics
Sector Electronics
Buyer(s) Infineon Technologies
Sellers(s) Ericsson
Deal Type Divestiture
Deal Value 400M EUR

Target

Ericsson Microelectronics

Stockholm, Sweden
Ericsson Microelectronics (MIC) supplies RF microelectronic components to its parent company for use in wireless applications, high-end power amplifiers and broadband communications.

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Buyer(S) 1

Buyer

Infineon Technologies

Munich, Germany

website

Category Company
Sector Semiconductors
Employees56,951
Revenue 14.2B EUR (2022)
DESCRIPTION

Infineon Technologies offers semiconductors and system solutions for automotive and industrial electronics and chip card and security applications. Infineon Technologies is based in Munich, Germany.

DEAL STATS #
Overall 6 of 18
Sector (Electronics) 1 of 2
Type (Divestiture) 1 of 3
Country (Sweden) 1 of 1
Year (2002) 1 of 1
Size (of disclosed) 3 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-06-28 Infineon’ - Infrared Components Business

San Jose, California, United States

Infineon’ - Infrared Components Business engages in manufacturing of semiconductor and integrated devices development, marketing and distribution activities in San Jose and its production facility in Malaysia.

Sell $120M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-03-06 MorphICs Technology

Campbell, California, United States

MorphICs is a privately held fabless semiconductor company with 30 employees. It is an innovative developer of configurable digital baseband circuits for terminal devices and basestations for 3rd-generation (3G) wireless communications. MorphICs’ core technology permits extremely efficient implementation of programmable multi-standard platforms for 3G/WLAN systems. The company is currently sampling its basestation signal processor product, which is entering trials in commercial networks, and is developing technology that enables efficient multi-network operation of terminals.

Buy -

Seller(S) 1

SELLER

Ericsson

Stockholm, Sweden

website

Category Company
Founded 1876
Sector Technology Hardware
Employees101,624
Revenue 232.3B SEK (2020)
DESCRIPTION
Ericsson office in Santa Clara, California.
Ericsson office in Santa Clara, California.

Ericsson provides telecommunications equipment and services to mobile and fixed network operators worldwide. It operates through four segments Networks, Global Services, Support Solutions, and Modems. Ericsson was formed in 1876 and is based in Stockholm, Sweden.

DEAL STATS #
Overall 2 of 10
Sector (Electronics) 1 of 1
Type (Divestiture) 2 of 10
Country (Sweden) 2 of 6
Year (2002) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-05-31 GuocoLand

Singapore, Singapore

GuocoLand engages in property development, property investment, hotel operations, property management and activities relating thereto.

Buy $177M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-20 Redback Networks

San Jose, California, United States

Redback Networks, Inc. provides subscriber management systems and edge routers for carriers' broadband access networks. Redback has over 700 carrier customers in more than 80 countries and employs about 800 people, including 500 R&D engineers.

Buy $1.9B
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