GERMANY - Infineon sells WLC to Golden Gate Capital for EUR 250m

Wireline is active in the market of broadband access solutions, offering VoIP telephony services, fast Internet connections and interactive services via DSL to businesses. Despite the economic downturn, the segment achieved a positive result in the past few quarters.

All products, locations and development projects will be continued, and around 800 patent families will be transferred. Employment contracts for approximately 600 WLC employees will be transferred to the new company, and an estimated 300 employees from Infineon central functions who already work on behalf of the WLC segment are also designated to join the new company.

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• Topics
• Buyouts
• DACH