The agreement, which was first announced in February, is contingent on Broadcom closing its acquisition of Brocade – which is still under review with the Committee on Foreign Investment in the United States (CFIUS).
Arris’ reaffirmation of its “acquisition and associated strategy” of Ruckus came after Brocade and Broadcom Limited said yesterday that it had withdrawn and re-filed their joint voluntary notice to CFIUS to allow more time for review and discussion.
The two companies agreed not to exercise their right to terminate the merger for failing to close the deal by the initially agreed November 1, 2017 end date, and said that subject to clearance from CFIUS the agreement should now complete by November 30, 2017.
In a statement issued yesterday, Arris said: “By adding Ruckus, Arris will enhance its portfolio of networking technologies to enable constant connectivity in every environment, whether in or outside the home, in commercial verticals or small enterprises. This is an important milestone because our vision of a smart, simple connected world is one step closer.”
The Ruckus acquisition broadens Arris’s portfolio of networking products beyond the home into the education, public venue, enterprise, hospitality, and MDU segments. Arris plans to establish a dedicated business unit within the company focused on wireless networking and wired switching technology.
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