M&A Deal Summary

PMC-Sierra Acquires Passave

On February 27, 2006, PMC-Sierra acquired semiconductors company Passave for 300M USD

Acquisition Highlights
  • This is PMC-Sierra’s 2nd transaction in the Semiconductors sector.
  • This is PMC-Sierra’s largest (disclosed) transaction.
  • This is PMC-Sierra’s 2nd transaction in the United States.
  • This is PMC-Sierra’s 2nd transaction in California.

M&A Deal Summary
Date 2006-02-27
Target Passave
Sector Semiconductors
Buyer(s) PMC-Sierra
Deal Type Add-on Acquisition
Deal Value 300M USD

Target

Passave

Santa Clara, California, United States
Passave is a supplier of gigabit FTTH (Fiber To The Home) semiconductors for the broadband access network. Passave FTTH products use the field-proven GigaPASS(TM) FTTH architecture to provide the bandwidth and feature sets that enable service providers to deliver Triple Play services -- integrated data, IPTV and voice -- over Passive Optical Networks. The GigaPASS architecture integrates Gigabit PON to Ethernet interfaces, wire-speed protocol processing and programmable features, delivering high-performance, low-cost FTTH solutions. Passave's system-on-chip FTTH solutions are open-source software platforms with flexible hardware features giving system OEMs the ability to differentiate their products with application-specific features.

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Buyer(S) 1

Buyer

PMC-Sierra

Sunnyvale, California, United States

website

Category Company
Founded 1983
Sector Semiconductors
Employees1,442
Revenue 525M USD (2014)
DESCRIPTION

PMC-Sierra, Inc. is an Internet infrastructure semiconductor solution provider, offering its customers technical and sales support worldwide through a network of offices in North America, Europe, Israel and Asia. PMC-Sierra provides semiconductor solutions for Enterprise Storage, Wide Area Network Infrastructure, Fiber To The Home, and Laser Printer markets.

DEAL STATS #
Overall 2 of 5
Sector (Semiconductors) 2 of 3
Type (Add-on Acquisition) 2 of 5
State (California) 2 of 4
Country (United States) 2 of 5
Year (2006) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-07-11 Quantum Effect Devices

Santa Clara, California, United States

Quantum Effect Devices, Inc. is engaged in the design, development, and marketing of embedded microprocessor solutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-08 Adaptec

Sunnyvale, California, United States

Adaptec Inc. is a provider of storage solutions that reliably move, manage, and protect critical data and digital content. Adaptec's software and hardware-based solutions are delivered through leading channel partners and Original Equipment Manufacturers (OEMs) to provide storage connectivity, data protection, and networked storage to enterprises, government organizations, medium and small businesses worldwide.

Buy $34M
Mergr

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