Broadcom acquires PLX Technology, Inc.

Broadcom acquired PLX Technology, Inc. for ~$309 million, a transaction completed in August 2014, structured as all cash (tender offer).

PLX Technology, Inc. operates in Semiconductors (connectivity), is based in Sunnyvale, California, USA. Avago Technologies acquired PLX Technology, a leader in PCI Express (PCIe) silicon and software connectivity solutions, via cash tender offer. PLX's PCIe products complemented Avago's server storage connectivity and networking ASICs serving enterprise and data center customers.

PLX's PCI Express products complement Avago's server storage connectivity and networking ASIC products for enterprise and data center markets; expected to be immediately accretive to non-GAAP EPS.

PCI Express connectivity portfolio complementary to Avago's enterprise and data center silicon.

Advisory firms were not disclosed for this transaction.

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