Broadcom Corporation to acquire Percello

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Broadcom Corporation has signed an agreement to acquire Percello Ltd, a privately held company that develops system-on-a-chip (SoC) solutions for femtocells. Femtocells are small, low power cellular base stations that extend coverage indoors where signals are weak. Used primarily in residential and enterprise business settings, femtocells communicate with a service provider’s network through a broadband connection, allowing users to continue using their mobile devices without losing connectivity. The acquisition of Percello is expected to enable Broadcom to lower overall bill of material cost and accelerate the time to market for best-in-class and energy efficient femtocell technology. Broadcom expects to pay approximately US$ 86 million to acquire all the outstanding shares of capital stock and other rights of Percello.

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