Thursday, November 5, 2009

Lantiq Begins Operations as Independent Company

Lantiq has begun operations as independent company. The new entity was created throught the sale of Infineon Technologies Wireline business unit to US- based investor Golden Gate Capital. The final purchase price will amount to approximately EUR 243 Million resulting from customary adjustments in the asset purchase agreement with Golden Gate Capital. Infineon is expected to record a book gain of more than Euro 100 Million as a result of this transaction in the first quarter of its fiscal year ending September 30, 2010.

Lantiq is a market leader in the broadband access market and has approximately 900 employees around the globe. It is among the world's Top 15 fabless semiconductor companies and fifth largest among the companies headquartered in Europe.