Billion Deal Announced for Broadcom’s End-User Computing Division
Global investment firm KKR has made a groundbreaking announcement regarding its acquisition of Broadcom Inc.’s End-User Computing Division for a whopping billion. This strategic move is geared towards transforming the division into an independent entity focused on enhancing digital workspace solutions on a global scale.
KKR, established in 1976 and headquartered in New York, specializes in private equity, real estate, credit, and hedge fund management. On the other hand, Broadcom Inc., founded in 1961 and based in San Jose, California, is renowned for its expertise in technology solutions such as Bluetooth, cable modems, mobile communications, and wireless networks.
The EUC Division, previously a part of VMware before being acquired by Broadcom, is known for its delivery of applications and data management across multiple devices through products like Horizon and Workspace ONE. With KKR’s backing post-acquisition, the division aims to expand its offerings through research and development investments, as well as strengthened customer relationships.
Leadership figures from both Broadcom and KKR have expressed optimism about the transaction, citing new opportunities for customers and employees. The quality of Workspace ONE and Horizon platforms for seamless digital workspaces has been highlighted, underscoring EUC’s leadership in high-growth categories amidst evolving workplace needs.
This acquisition represents a significant milestone in technology M&A deals for the year 2023, with ChannelE2E reporting over 50 transactions in this sector so far this year.
