The acquisition beat goes on in wireless as two companies, Agere Systems Inc. and PCTEL, announced they bought other companies.
Agere said it has acquired TeraBlaze Inc., which makes a switch on a chip. PCTEL said it has bought Maxrad, which makes antennas for broadband wireless, in-building wireless and land mobile radio applications.
Agere said its acquisition of TeraBlaze is a stock transaction of approximately 6.92 million shares valued at about $21 million.
“The acquisition of TeraBlaze advances our strategy to take share in the fast-growing gigabit Ethernet market,” said Sohail A. Khan, executive vice president of Agere’s infrastructure systems group. “TeraBlaze together with TruePHY technology is a very powerful combination, which gives us early-mover advantage in bringing integrated GbE and PHY solutions to this market.”
Agere in August last year acquired Massana, a privately held provider of gigabit Ethernet physical layer device solutions.
PCTEL acquired Maxrad for $20 million. The acquired company said it had $18 million in revenues in 2003.
“Our entire management team and employees are delighted to be part of the PCTEL family,” said Steve Deppe, Maxrad’s president. “Maxrad and PCTEL share the same vision and commitment to provide industry-leading wireless products.”
In 2002, PCTEL acquired cyberPixie, which developed client and infrastructure software for roaming between hot spots.
