M&A Deal Summary

Huawei and Gen Digital Acquire Huawei Symantec Technologies Co.

On February 5, 2008, Huawei and Gen Digital acquired information technology company Huawei Symantec Technologies Co.

Acquisition Highlights
  • This is Huawei’s 1st and Gen Digital’s 12th transaction in the Information Technology sector.
  • This is Huawei’s 1st and Gen Digital’s 1st transaction in China.

M&A Deal Summary

Date 2008-02-05
Target Huawei Symantec Technologies Co.
Sector Information Technology
Buyer(s) Huawei
Gen Digital
Deal Type Joint Venture

Target

Huawei Symantec Technologies Co.

Chengdu, China
Huawei Symantec was a producer of network security, storage and computing services. It was formed as a joint venture between Huawei and Symantec in 2008.

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Buyer(S) 2

Buyer

Huawei

Shenzhen, China

Category Company
Founded 1987
Sector Technology Hardware
Employees140,000
DESCRIPTION
Huawei office in Dubai, United Arab Emirates.
Huawei office in Dubai, United Arab Emirates.

Huawei is a designer and producer of networking and telecommunications equipment and services. The Company also produces cell phones and other consumer-oriented technology and products. Huawei was established in 1987 and is based in Shenzhen, China.


DEAL STATS #
Overall 2 of 7
Sector: Information Technology M&A 1 of 2
Type: Joint Venture M&A Deals 2 of 3
Country: China M&A 1 of 2
Year: 2008 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-11-17 Huawei-3Com Co.

United States

Huawei-3Com Co., Ltd. is a producer of LAN switch and router products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-12-19 Huawei Marine Networks Co.

Tianjin, China

Huawei Marine Networks Co. Ltd. provides cost-effective turnkey submarine cable system solutions incorporating system design, integration and installation services with an on-going focus and commitment to customer support for network operators. Huawei Marine Networks Co. Ltd. was founded in 2008 and is based in Tianjin, China.

Buy -
Buyer

Gen Digital

Tempe, Arizona, United States

Category Company
Founded 1982
Sector Information Technology
Employees3,400
Revenue 3.8B USD (2024)
DESCRIPTION

Gen Digital is a cyber safety company that is dedicated to helping secure the devices, identities, online privacy, and home and family needs of approximately 50 million consumers, providing them with a trusted ally in a complex digital world. Gen Digital was founded in 1982 and is based in Tempe, Arizona.


DEAL STATS #
Overall 50 of 78
Sector: Information Technology M&A 12 of 17
Type: Joint Venture M&A Deals 1 of 1
Country: China M&A 1 of 1
Year: 2008 M&A 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-11 Transparent Logic Technologies

Norfolk, Vermont, United States

TransparentLogic, also known as T-Logic. Transparent Logic’s technology supports workflow and business process automation., which extends Symantec's systems management products and solutions.

Buy $12M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-06 SwapDrive

Washington, District of Columbia, United States

SwapDrive, a privately-held online storage company. With the explosion of digital information – photos, music, videos – consumers have more files on their computers than ever before. Adding SwapDrive’s technology to the Norton portfolio gives consumers access to a world-class tool to help secure and manage their information.

Buy $124M