Date: 14th Aug 09
Infineon's wireline division acquired
by Gloden Gate Capital is named as LANTIQ
The Wireline Communications Division of Infineon Technologies,
which is now getting acquired by Golden Gate Capital, is
named as LANTIQ. By end of fall 2009, LANTIQ will assume
all the products, projects and locations from Infineon.
"During the last few years we have gained a very strong
position and significant momentum in the wireline market,
based on our broad and innovative product portfolio,"
stated Christian Wolff, who is designated to be the CEO
of LANTIQ. "We are fully committed to the Wireline
communications market and we see a tremendous opportunity
in the market for IPTV, Home Networking and Next-Generation
IP-based networks."
"The junction where broadband access meets the digital
home is a very hot area in the market today. Exciting new
services like IPTV and VoIP depend on a seamless wideband
connection from the central office to every point within
the consumers' home," said Lee Ratliff, Senior Analyst,
Broadband Digital Home and IPTV at iSuppli Corporation.
"LANTIQ is positioned at the intersection of this activity
with a portfolio that includes infrastructure and Home Networking
products ranging from ADSL and VDSL to network processors,
VoIP, and DECT/CAT-Iq."
"WLC, and in the future LANTIQ, is a very exciting
company representing an attractive investment opportunity
for GGC. We are especially impressed with the leadership
and integrity of the senior management team as well as the
capabilities of the entire employee base. The people, technologies,
and customer relationships make LANTIQ an attractive platform
for us", said John Knoll, Managing Director at Golden
Gate Capital.
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