Acuity Advisors Limited (Acuity), a leading provider of corporate finance advisory services, is pleased to announce that Broadcom has successfully acquired Pyreos.
The two companies’ product portfolios are extremely complementary, and this acquisition will provide Broadcom with an opportunity to develop innovative new solutions and expand into new markets. Pyreos is a leading provider of infrared sensing solutions with a wide range of products for industrial, automotive, and consumer applications.
The acquisition is a testament to the strength of the M&A market and Acuity is proud to have been involved in such an important transaction. Acuity’s experienced M&A team was instrumental in helping to identify and evaluate potential strategic acquisitions and their corporate finance expertise and deep sector knowledge was invaluable in executing the transaction.
Matthew Byatt, Managing Partner at Acuity said:
“This is a great M&A acquisition. Pyreos’ technology and capabilities perfectly complement Broadcom’s existing product lines, and the two companies will have a great future together.”