Avago Technologies Closes Acquisition of Infineon
Mobile Device Technology to Its Polymer Optical Fiber Group Business Editors/Technology Editors SAN JOSE, Calif.--(BUSINESS WIRE)--July 2, 2007--Avago Technologies today announced that it has closed its acquisition of Infineon Technologies AG's Polymer Optical Fiber (POF) business unit based in Regensburg, Germany. This acquisition agreement between Avago and Infineon was jointly announced on April 2, 2007.
Infineon's Polymer Optical Fiber (POF) business is the leader in the fast growing market for automotive multimedia infotainment networks and transceivers for safety systems. This business unit also provides transmitters and receivers for industrial drive controls and home broadband services.
With the integration of Infineon's POF group, Avago Technologies essentially doubles its investment of resources in R&D for automotive, industrial and home networking product lines, as well as in emerging markets like optical links for mobile devices. Additionally, Avago has resources in place to continue to support and grow market share in all areas targeted by Infineon's POF group.
"This strategic acquisition is in line with Avago's goal of increasing the value of our overall business in the four key end markets we serve," said Fariba Danesh, general manager and vice president of Avago's fiber optic products division. "It opens up opportunities for Avago's other product divisions and enables us to continue a leadership role in standards development in the optics space. We are pleased to welcome the team from Regensburg to Avago."
About Avago Technologies
Avago Technologies is a leading supplier of analog interface components for communications, industrial and consumer applications. With a global employee presence, Avago provides an extensive range of analog, mixed-signal and optoelectronic components and subsystems to more than 40,000 customers. The company's products serve four end markets: industrial and automotive, wired infrastructure, wireless communications, and computer peripherals. It is recognized for providing high-quality products along with strong customer service. Avago's heritage of technical innovation dates back 40 years to its Agilent/Hewlett-Packard roots. Information about Avago is available on the Web at www.avagotech.com.
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This announcement and supporting materials may contain statements, which address our expected future business and financial performance, and contain words such as "expects," "anticipates," "estimates," "intends," "plans," "believes," "seeks," or "will." These statements by their nature address matters that are, to different degrees, uncertain. These uncertainties may cause our actual future results to be materially different than those we express in our forward-looking statements; accordingly, undue reliance should not be placed on these statements. These statements are made only as of the date of this communication and Avago undertakes no obligation to update or revise these statements.