November 23, 2010 (FinancialWire) (http://www.financialwire.net/) — PMC-Sierra, Inc. (NASDAQ: PMCS) said that it has completed the acquisition of Wintegra, Inc., a provider of integrated network processors optimized for mobile backhaul equipment.

Under the terms of the transaction, PMC-Sierra paid around $240 million in cash for the acquisition, less estimated cash and short-term deposits acquired of around $26 million at time of closing.

Further, up to an additional $60 million of cash consideration may be paid if certain growth and performance milestones are reached by the end of 2011, according to PMC-Sierra.

Wintegra’s WinPath line of network processors is used in 3G/4G base stations, fiber and microwave cell site routers, as well as radio network controllers deployed in mobile networks.

The firm has around 165 employees located primarily in Ra’anana, Israel, and Austin, Texas.

California-based PMC-Sierra is a provider of internet infrastructure semiconductor solutions.

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