Infineon acquires automotive Ethernet business from Marvell

Munich — Gleiss Lutz is advi­sing the German listed semi­con­duc­tor company Infi­neon Tech­no­lo­gies on the acqui­si­tion of Marvel­l’s auto­mo­tive Ether­net busi­ness for German merger control purpo­ses. The purchase price is appro­xi­m­ately EUR 2.2 billion. The tran­sac­tion comple­ments Infi­ne­on’s market-leading auto­mo­tive micro­con­trol­ler port­fo­lio with Marvel­l’s auto­mo­tive Ether­net busi­ness and streng­thens its system compe­tence for soft­­ware-defi­­ned vehic­les. Ether­net is a key tech­no­logy for low-latency, high-band­­width commu­ni­ca­tion and connec­ti­vity solu­ti­ons and is a criti­cal func­tion for soft­­ware-defi­­ned vehic­les. — The acqui­si­tion is subject to custo­mary closing condi­ti­ons and regulatory
approvals. 

Infi­neon deve­lops, manu­fac­tures and supplies a large number of semi­con­duc­tors and semi­­con­­duc­­tor-based products world­wide for a wide range of appli­ca­ti­ons, inclu­ding in the auto­mo­tive sector.

Marvell is a US-based, publicly traded company that provi­des semi­con­duc­tor solu­ti­ons for data infra­struc­ture worldwide.

The tran­sac­tion was accom­pa­nied by Daniela Mariotti (Direc­tor & Corpo­rate Legal Coun­sel) at Infi­neon. Daniela Mariotti also coor­di­na­ted the other regu­la­tory proce­du­res world­wide for the appr­oval of the transaction. 

Advi­sor Infi­neon Tech­no­lo­gies: Gleiss Lutz 

Dr. Moritz Holm-Hadulla (part­ner, Munich, lead), Dr. Laura Roßmann (coun­sel, Stutt­gart), Dr. Anto­nia Hage­dorn (all anti­trust law, Munich).

www.gleisslutz.com