Arma Partners, a technology, media and telecommunications M&A advisory firm, has acted as exclusive financial adviser to Gigle Networks on its sale to Broadcom.
The transaction is valued at approximately USD83m.
Founded in 2005, Gigle develops system-on-a-chip solutions for home networking over power lines, coaxial cable and phone lines. Gigle provides solutions for multimedia home networking that can extend wired and wireless Ethernet everywhere in the home without the need for new wires. The solutions are targeted for applications such as internet protocol television, broadband TV, video on demand and voice over IP.
Gigle has R&D centres in Barcelona, Spain and Edinburgh, sales and marketing offices in California and support offices near customers in all major regions.
Gigle’s technology will widen the breadth of Broadcom’s intellectual property and enable the design of more highly integrated system-on-a-chip solutions that allow home network coverage in a wide variety of deployment scenarios.
The acquisition will also accelerate Broadcom’s time to market for G.hn, a new draft specification for existing wire home networking, developed under the International Telecommunication Union.
