Intel today announced a new acquisition, snapping up supplier of broadband access and home networks company Lantiq, in a bid to extend the company's home gateway business. Intel aims to broaden its connected home efforts, entering into the now populated market of Microsoft, Google (and Nest), Apple, and even Samsung, all who are working on complete home connectivity.
The buyout is expected to complete within 90 days, which will offer Intel's combined team a wide range of connectivity solutions and home cloud tech to play with. The connected home venture will join Intel's Internet of Things solutions, as well as security products and Intel-powered hardware. Specific details (including figures) of this purchase were not disclosed.
See the press release below for more information on Intel's acquisition.
NEWS HIGHLIGHTS Transaction positions Intel to further drive broadband network technologies that enhance connected experiences in the home. Lantiq would enable Intel to extend its existing home gateway business into the telecom residential gateway and access network markets, where Lantiq is a leading provider.
SANTA CLARA, Calif. and MUNICH, Feb. 2, 2015 – Intel Corporation has signed a definitive agreement to acquire Lantiq, a leading supplier of broadband access and home networking technologies. The transaction is subject to customary closing conditions and regulatory approvals. The transaction is expected to close in approximately 90 days. Deal terms were not disclosed.
Smart gateways and intelligent access networks are important elements in Intel's efforts to make everything smart and connected, best with Intel. This acquisition would expand Intel's success in the cable residential gateway market and broaden its offering to other gateway markets, including DSL, Fiber, LTE, retail and IoT smart routers.
"By 2018, we expect more than 800 million broadband connected households worldwide," said Kirk Skaugen, senior vice president and general manager of Intel's Client Computing Group. "Intel has been a global leader in driving broadband into the home and to connected compute devices. The combination of our cable gateway business with Lantiq's technology and talent can allow global service providers to introduce new home computing experiences and enable consumers to take advantage of a more smart and connected home."
The combined team would have a comprehensive range of connectivity solutions and home cloud technologies for OEMs, service providers and companies innovating new applications for the home. Together with Intel's IoT solutions, Intel® Security products and Intel-based client devices, Intel can deliver exciting new connected experiences for consumers.
"Intel and Lantiq share a common vision about the evolution of the connected home and the intelligent network," said Dan Artusi, Lantiq CEO. "Together we can drive the transformation of the broadband customer premises equipment (CPE) as it becomes a smart gateway that connects an increasingly diverse roster of devices and services in the home."
Lantiq is based in Munich, Germany, and is a leader in state-of-the-art broadband access technology. More than 100 global operators have deployed Lantiq's DSL solutions. Lantiq has over 2000 patents related to broadband communications and offers technologies including xDSL solutions with vectoring and G.Fast; fiber-based technologies such as Fiber to the Distribution Point (FTTdp) and GPON; comprehensive gateway home networking and DSLTE systems; ultra-efficient network processors; and comprehensive Ethernet and voice solutions.