Atheros completes Opulan acquisition
SEPTMEMBER 2, 2010 -- Atheros Communications, Inc. (NASDAQ: ATHR) has completed the acquisition of Opulan Technologies Corp., a privately held fabless semiconductor company specializing in silicon for PON and broadband access aggregation.
Atheros paid approximately $72 million to acquire all of the outstanding shares of Opulan, and may pay additional cash to Opulan shareholders subject to the attainment of earn-out objectives applicable to the acquired business during a 12-month period following the closing date. The purchase price was paid in cash, with a portion placed into escrow pursuant to the terms of the acquisition agreement.
The addition of Opulan's 1G/10G EPON and multiplexer technologies, Atheros says it now provides an end-to-end (WAN-to-LAN) broadband architecture for the home and multi-dwelling unit (MDU). By tightly integrating the carrier transport mechanisms with its Gigabit Ethernet devices, Atheros asserts it can offer a carrier-class fiber-to-the-home (FTTH) platform that delivers gigabit optical broadband access from the central office to the gateway, and then intelligently route the traffic within the home using Atheros's Ethernet, Wi-Fi, Powerline, and hybrid connectivity products.
Atheros expects the acquisition to not only expand its offerings for its networking customers worldwide but enhance its R&D capabilities and customer relationships in Asia.
