Sale of AppliedMicro subsidiary TPACK
Bech-Bruun has advised the California-based IT company Applied Micro Circuits Corporation, also known as AppliedMicro, on the sale of 100 per cent of the shares in subsidiary TPACK A/S based in Copenhagen. The purchaser is the California-based IT company Altera Corporation.
TPACK A/S delivers complete FPGA-based optical transport network (OTN) products targeting packet and optical networking equipment suppliers.
The purchase price amounts to approx. USD 34 million.