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M&A Deal Summary

Netgear Acquires Avaak

On July 27, 2012, Netgear acquired technology hardware company Avaak

Acquisition Highlights
  • This is Netgear’s 5th transaction in the Technology Hardware sector.
  • This is Netgear’s 6th transaction in the United States.
  • This is Netgear’s 4th transaction in California.

M&A Deal Summary
Date 2012-07-27
Target Avaak
Sector Technology Hardware
Buyer(s) Netgear
Deal Type Add-on Acquisition
Advisor(s) Architect Partners (Financial)

Target

Avaak

San Diego, California, United States
Avaak develops and markets wireless products for the smart home market. Avaak’s flagship product line is the VueZone home video monitoring system, featuring the only completely wire-free IP cameras on the market.

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Buyer(S) 1

Buyer

Netgear

San Jose, California, United States
Category Company
Founded 1996
Sector Technology Hardware
Employees655
Revenue 674M USD (2024)
DESCRIPTION
Entrance to Netgear's corporate headquarters in San Jose, California.
Entrance to Netgear's corporate headquarters in San Jose, California.

Netgear is a global networking company that delivers products to consumers, businesses and service providers. Netgear's business is managed in three specific business units: retail, commercial, and service provider. The retail business unit consists of home networking, home video security, storage and digital media products. The commercial business unit consists of business networking, storage and security solutions. The service provider business unit consists of made-to-order and retail-proven whole home networking hardware and software solutions as well as 4G LTE hotspots sold to service providers for sale to their subscribers. Netgear was formed in 1996 and is based in San Jose, California.

DEAL STATS #
Overall 6 of 8
Sector: Technology Hardware M&A 5 of 6
Type: Add-on Acquisition M&A Deals 5 of 6
State: California M&A 4 of 6
Country: United States M&A 6 of 8
Year: 2012 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-04 Firetide

Campbell, California, United States

Firetide, Inc. is a provider of highest performance fixed and mobile wireless IP network infrastructure products that enable concurrent video, voice and data applications for government, transportation, education and commercial customers. The company’s products are used to build private wireless mesh infrastructure and access networks for indoor and outdoor use that are highly reliable and secure. Firetide is based in Silicon Valley with operations throughout the Americas, Europe, and Asia Pacific regions. Firetide has an installed base of thousands of customers in 40 countries around the world.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-28 Sierra Wireless - AirCard Business

Carlsbad, California, United States

Sierra Wireless' AirCard Business is a producer of mobile data access products and solutions.

Buy $138M
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