Mindspeed Technologies agreed to acquire U.K.-based Picochip Limited, a leading supplier of integrated system-on-chip (SoC) solutions for small cell base stations, for a purchase price of approximately $51.8 million, plus a potential earnout payment of up to $25 million payable in the first calendar quarter of 2013.
Picochip specializes in femtocell SoCs. Its publicly announced customers include Alpha Networks, AT4 Wireless, Airspan (partnered with Fujitsu), Intel, ip.Access, Ubiquisys (supplying NEC and Motorola), Willtek, Xinwei Telecom, Zyxel and a number of other major OEMs and ODMs.
Mindspeed said the acquisition will make it a clear market leader in small cell base station solutions for next generation mobile broadband communications infrastructure.
http://www.midspeed.com
http://www.picochip.com
- Picochip was founded in 2000. Its investors have included AT&T, Atlas Venture, Highland Capital Partners, Intel, Pond Venture Partners, Rothschild, Samsung, and Scottish Equity Partners.
