M&A Deal Summary

Qualcomm Acquires Pixtronix

On November 25, 2011, Qualcomm acquired electronics company Pixtronix from GF Private Equity Group for 175M USD

Acquisition Highlights
  • This is Qualcomm’s 1st transaction in the Electronics sector.
  • This is Qualcomm’s 7th largest (disclosed) transaction.
  • This is Qualcomm’s 18th transaction in the United States.
  • This is Qualcomm’s 2nd transaction in Massachusetts.

M&A Deal Summary

Date 2011-11-25
Target Pixtronix
Sector Electronics
Buyer(s) Qualcomm
Sellers(s) GF Private Equity Group
Deal Type Add-on Acquisition
Deal Value 175M USD

Target

Pixtronix

Wilmington, Massachusetts, United States
Pixtronix, Inc. is a technology company that develops display technologies optimized for multimedia devices.

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Buyer(S) 1

Buyer

Qualcomm

San Diego, California, United States

Category Company
Founded 1985
Sector Semiconductors
Employees50,000
Revenue 35.8B USD (2023)
DESCRIPTION
Qualcomm's corporate headquarters in San Diego, California.
Qualcomm's corporate headquarters in San Diego, California.

Qualcomm develops and commercializes communication technologies. Qualcomm develops a digital communication technology called CDMA (Code Division Multiple Access) and owns significant intellectual property applicable to products that implement any version of CDMA. Qualcomm develops OFDMA (Orthogonal Frequency Division Multiple Access) technology for which the Company owns intellectual property. Qualcomm also develops and commercializes technologies used in handsets and tablets. In addition to licensing portions of its intellectual property portfolio, Qualcomm produces integrated circuits (also known as chips or chipsets) and system software used in mobile devices and in wireless networks. Qualcomm was formed in 1985 and is based in San Diego, California.


DEAL STATS #
Overall 23 of 37
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 22 of 33
State (Massachusetts) 2 of 3
Country (United States) 18 of 24
Year (2011) 5 of 5
Size (of disclosed) 7 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-08 HaloIPT

London, United Kingdom

HaloIPT Ltd. is a provider of wireless charging technology for electric road vehicles.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-24 DesignArt Networks

Raanana, Israel

DesignArt Networks Ltd. is a provider of System-on-Chip solutions for the next generation of mobile broadband wireless networks, and is dedicated to meeting its challenges - cost, development time and flexibility.

Buy -

Seller(S) 1

SELLER

GF Private Equity Group

Ignacio, Colorado, United States

Category Growth Capital Firm
Founded 2003
Size Small
Type Sector Agnostic
DESCRIPTION

GF Private Equity is an investment vehicle for the Southern Ute Indian Tribe formed to make investments in and acquire direct ownership interests in companies operating in a variety of industry sectors. The Firm will consider early-stage venture capital transaction, as well as leveraged buyouts, special situations and investments in private equity funds. Areas of interest include software/technology, life sciences/medical devices, telecommunications/media, natural resources, defense, and financial services. The Group was formed in 2003 and is based in Durango, Colorado.


DEAL STATS #
Overall 5 of 9
Sector (Electronics) 1 of 3
Type (Add-on Acquisition) 4 of 7
State (Massachusetts) 2 of 2
Country (United States) 4 of 8
Year (2011) 2 of 2
Size (of disclosed) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-23 AWR

El Segundo, California, United States

AWR Corp. is a provider of high-frequency EDA software, dramatically reduces development time and cost for products employed in wireless, high-speed wired, broadband, aerospace and defense and electro-optical applications. AWR Corp. was founded in 1994 and is based in El Segundo, California.

Sell $58M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-28 Alfalight

Madison, Wisconsin, United States

Alfalight, Inc. is a Madison, Wisconsin based designer and manufacturer of high reliability, rugged laser based, electro-optic systems for defense and security applications. Alfalight has established itself as an expert in solid state lasers and is designed into a number of long-term contracts for the defense sector in the USA.

Sell -