Newly-formed Lantiq has agreed to acquire Metalink's wireless local area network (WLAN) business up to $16.9 million in cash. Financial terms include earn-out payments of up to an aggregate $8.0 million, contingent upon the acquired business's achievement of specified performance targets through March 2012.
Metalink's WLANPLUS is a high-throughput, 802.11n-draft-compliant wireless LAN technology optimized for the networked home entertainment environment. Featuring advanced MIMO technology and full support of QoS, and operating in both 2.4GHz and 5GHz bands, WLANPLUS enables multi-room networking of multiple high-definition video streams.
"We are pleased that the strategic process we initiated last year has, despite our difficult financial situation and during an extremely challenging general market conditions, produced a transaction that is in the best interests of Metalink and its shareholders, as well as its employees and customers," commented Tzvika Shukhman, Metalink's Chief Executive Officer.
http://www.MTLK.com
http://www.lantiq.com
- In November 2009, Lantiq began operations as independent company. The new entity was created through the sale of Infineon Technologies Wireline business unit to US-based investor Golden Gate Capital.
