M&A Deal Summary

Cisco Systems Acquires CoreOptics

On July 16, 2010, Cisco Systems acquired technology hardware company CoreOptics from Triginta Capital and GIMV

Acquisition Highlights
  • This is Cisco Systems’ 32nd transaction in the Technology Hardware sector.
  • This is Cisco Systems’ 1st transaction in Germany.

M&A Deal Summary

Date 2010-07-16
Target CoreOptics
Sector Technology Hardware
Buyer(s) Cisco Systems
Sellers(s) Triginta Capital
GIMV
Deal Type Add-on Acquisition

Target

CoreOptics

Nuremberg, Germany
CoreOptics GmbH is a designer of digital signal processing (DSP) solutions for high-speed optical networking applications.

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Buyer(S) 1

Buyer

Cisco Systems

San Jose, California, United States

Category Company
Founded 1984
Sector Technology Hardware
Employees90,400
Revenue 53.8B USD (2024)
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 142 of 223
Sector: Technology Hardware M&A 32 of 40
Type: Add-on Acquisition M&A Deals 136 of 215
Country: Germany M&A 1 of 2
Year: 2010 M&A 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-18 Moto Development Group

San Francisco, California, United States

MOTO Development Group is a design consulting firm that develops products and product strategies for the consumer industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-20 Arch Rock

San Francisco, California, United States

Arch Rock Corporation is a pioneer in Internet Protocol-based wireless network technology for smart-grid applications.

Buy -

Seller(S) 2

SELLER

Triginta Capital

Dusseldorf, Germany

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Triginta Capital is a private equity firm focused on making control investments in small and medium-sized companies in German speaking Europe. Triginta generally seeks businesses valued up to €20 million in the manufacturing and services sectors (B2B and B2C). In addition to investing in companies, Triginta also acquires entire portfolios of investments. Triginta Capital was formed in 2000 and is based in Dusseldorf.


DEAL STATS #
Overall 18 of 26
Sector: Technology Hardware M&A 1 of 1
Type: Add-on Acquisition M&A Deals 6 of 9
Country: Germany M&A 13 of 21
Year: 2010 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-11 Hemoteq AG

Wuerselen, Germany

Hemoteq AG is a developer of innovative coating solutions for combination products like drug eluting stents, as well as coatings for catheters and cochlear implants, and is the market leader for drug-coated balloon catheters.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-31 SLS MicroTechnology

Hamburg, Germany

Miniaturised sensor products for measuring gases and fluids.

Sell -
SELLER

GIMV

Antwerp, Belgium

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1980
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

GIMV is a Belgium based public investment company focused on private equity and venture capital investments in tech-based businesses. GIMV's private equity practice operates through its Corporate Investment unit and targets management buyouts, buy-ins, and growth capital financings of companies with annual sales between EUR15 and EUR150 million. For buyout opportunities GIMV generally takes a majority stake in businesses and for growth capital needs, GIMV takes a minority position. GIMV does not invest in publicly held companies or turnaround situations. GIMV's geographic focus is within Belgium, Netherlands, Germany, and France. GIMV also invests in Russia through Eagle Capital Partners, a partnership with KBC Private Equity. GIMV was formed in 1980 and is headquartered in Antwerp with additional offices in The Hague, Frankfurt, Munich, and Paris.


DEAL STATS #
Overall 30 of 111
Sector: Technology Hardware M&A 1 of 2
Type: Add-on Acquisition M&A Deals 11 of 58
Country: Germany M&A 1 of 8
Year: 2010 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-15 Microtherm Engineered Solutions NV

Sint-Niklaas, Belgium

Microtherm Engineered Solutions NV is a provider of microporous, fireproof insulation materials. The company provides creative advice on design, development and innovation. Alongside their fireproof qualities, the products are also very lightweight, energy-efficient and environmentally friendly. Microtherm offers a wide range of solutions for manufacturers of both industrial and domestic appliances.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-03 OneDirect

Saint Esteve, France

OneDirect is specialized in the multichannel distribution of professional telecom equipment such as corded and cordless telephones, switchboards, headsets, and other accessories. OneDirect was founded in 1999 and is based in Saint Esteve, France.

Buy $15M