Deal Snapshot
ARRIS CLOSES USD 800M ACQUISITION OF WIRELESS AND ICX SWITCH BUSINESS FROM RUCKUS
Wednesday 06 December 2017

US-based entertainment and communications technology company Arris International plc (NASDAQ: ARRS) and US-based semiconductor solutions company Broadcom Ltd. (NASDAQ: AVGO) have closed an agreement for Arris to acquire Brocade Communication Systems Inc.'s Ruckus Wireless and ICX Switch business for cash consideration of USD 800m, the company said.
Arris expects the acquisition to be accretive to its Non-GAAP earnings per share in the first 12 months. This portfolio will expand Arris's leadership in converged wired and wireless networking technologies beyond the home into the education, public venue, enterprise, hospitality, and MDU segments.


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Details
Date Published: 06/12/2017
Target: Ruckus Wireless and ICX Switch business
Country: USA
Deal Size: 800m (USD)
Sector: Telecommunications
Type: Corporate acquisition
Financing: Cash
Status: Closed
Vendor: Brocade Communication Systems
Buyer: Arris International
Buyer Advisor: LionTree Advisors , Troutman Sanders LLP
Comment:
Deal related to Broadcom´s acquisition of Brocade

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