Accel, Pond and SEP exit Gigle Networks

The US company paid €56m for a 100% stake and will consider investing up to $8m extra depending on the Catalan business' performance over the coming months.

Gigle Networks provides high performance system-on-a-chip semiconductor devices and intelligent switching technology for home network, IPTV, consumer electronics and smart grid applications.

The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.

If you have any information regarding this transaction, please contact Susannah Birkwood on +44 20 7004 7524 or susannah.birkwood@incisivemedia.com

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