M&A Deal Summary

PMC-Sierra Acquires Adaptec

On June 8, 2010, PMC-Sierra acquired technology hardware company Adaptec for 34M USD

Acquisition Highlights
  • This is PMC-Sierra’s 1st transaction in the Technology Hardware sector.
  • This is PMC-Sierra’s 4th largest (disclosed) transaction.
  • This is PMC-Sierra’s 3rd transaction in the United States.
  • This is PMC-Sierra’s 3rd transaction in California.

M&A Deal Summary
Date 2010-06-08
Target Adaptec
Sector Technology Hardware
Buyer(s) PMC-Sierra
Deal Type Add-on Acquisition
Deal Value 34M USD

Target

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.

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Buyer(S) 1

Buyer

PMC-Sierra

Sunnyvale, California, United States
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 3 of 5
Sector (Technology Hardware) 1 of 2
Type (Add-on Acquisition) 3 of 5
State (California) 3 of 4
Country (United States) 3 of 5
Year (2010) 1 of 2
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-27 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.

Buy $300M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-21 Wintegra

Austin, Texas, United States

Wintegra is a provider of highly integrated network processors optimized for mobile backhaul, 3G and 4G wireless and wireline broadband networks.

Buy $213M
Mergr

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