• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Electrical Engineering News and Products

Electronics Engineering Resources, Articles, Forums, Tear Down Videos and Technical Electronics How-To's

  • Products / Components
    • Analog ICs
    • Battery Power
    • Connectors
    • Microcontrollers
    • Power Electronics
    • Sensors
    • Test and Measurement
    • Wire / Cable
  • Applications
    • 5G
    • Automotive/Transportation
    • EV Engineering
    • Industrial
    • IoT
    • Medical
    • Telecommunications
    • Wearables
    • Wireless
  • Learn
    • eBooks / Handbooks
    • EE Training Days
    • Tutorials
    • Learning Center
    • Tech Toolboxes
    • Webinars & Digital Events
  • Resources
    • White Papers
    • Educational Assets
    • Design Guide Library
    • Digital Issues
    • Engineering Diversity & Inclusion
    • LEAP Awards
    • Podcasts
    • DesignFast
  • Videos
    • EE Videos and Interviews
    • Teardown Videos
  • EE Forums
    • EDABoard.com
    • Electro-Tech-Online.com
  • Bill’s Blogs
  • Advertise
  • Subscribe

Pace to pick up Philips’ STB division

December 20, 2007 By Mike Robuck

Pace Micro Technology inked a conditional agreement yesterday to acquire the set-top box (STB) and connectivity solutions business of Royal Philips Electronics. 

The $135 million deal, which is subject to Pace shareholder approval and other conditions, would make Pace one of the world’s top-three set-top manufacturers. Once the deal is complete, Philips will have a 23 percent stake in Pace, in exchange for 70 million Pace shares.

Pace CEO Neil Gaydon, in a prepared statement, predicted that the deal would create a company with revenues of more than $1 billion in sales that would produce approximately 8.5 million STBs a year.

“There is a strong strategic fit from customer, product, geographic, culture and scale perspectives,” Gaydon said. “We have minimal customer overlap, and the combined group will have a significantly enhanced technological position.”

Philips’ STB and connectivity business unit has approximately 335 employees who are primarily based in France. The company sells set-tops to cable, satellite, IPTV and terrestrial service providers. As part of the transaction, Pace will be able to use Philips’ brand in retail distribution for the next three years.

Pace’s customers in the U.S. include DirecTV, Time Warner Cable and Bright House Networks, while overseas customers include BSkyB and BT.

You Might Also Like

Filed Under: Wire and Cable Tips

Primary Sidebar

EE Engineering Training Days

engineering

Featured Contributions

Integrating MEMS technology into next-gen vehicle safety features

Five challenges for developing next-generation ADAS and autonomous vehicles

Robust design for Variable Frequency Drives and starters

Meeting demand for hidden wearables via Schottky rectifiers

GaN reliability milestones break through the silicon ceiling

More Featured Contributions

EE Tech Toolbox

“ee
Tech Toolbox: 5G Technology
This Tech Toolbox covers the basics of 5G technology plus a story about how engineers designed and built a prototype DSL router mostly from old cellphone parts. Download this first 5G/wired/wireless communications Tech Toolbox to learn more!

EE Learning Center

EE Learning Center
“ee
EXPAND YOUR KNOWLEDGE AND STAY CONNECTED
Get the latest info on technologies, tools and strategies for EE professionals.
“bills
contribute

R&D World Podcasts

R&D 100 Episode 10
See More >

Sponsored Content

Designing for Serviceability: The Role of Interconnects in HVAC Maintenance

From Control Boards to Comfort: How Signal Integrity Drives HVAC Innovation

Built to Withstand: Sealing and Thermal Protection in HVAC Sub-Systems

Revolutionizing Manufacturing with Smart Factories

Smarter HVAC Starts at the Sub-System Level

Empowering aerospace E/E design and innovation through Siemens Xcelerator and Capital in the Cloud

More Sponsored Content >>

RSS Current EDABoard.com discussions

  • BA4116 reference resistance
  • unknown component z1
  • Collector Current Low side Has a large drop respect High Side during Miller during Double Pulse Test
  • is there vay for credit card size phone charger?
  • Question on options of set_clock_group

RSS Current Electro-Tech-Online.com Discussions

  • Fixing board, Easy question HEX SCHMITT
  • Can I make two inputs from one??
  • Display TFT ST7789 (OshonSoft Basic).
  • Home Smoke detectors are all Beeping Batteries are not dead.???
  • The Analog Gods Hate Me
Search Millions of Parts from Thousands of Suppliers.

Search Now!
design fast globle

Footer

EE World Online

EE WORLD ONLINE NETWORK

  • 5G Technology World
  • Analog IC Tips
  • Battery Power Tips
  • Connector Tips
  • DesignFast
  • EDABoard Forums
  • Electro-Tech-Online Forums
  • Engineer's Garage
  • EV Engineering
  • Microcontroller Tips
  • Power Electronic Tips
  • Sensor Tips
  • Test and Measurement Tips

EE WORLD ONLINE

  • Subscribe to our newsletter
  • Teardown Videos
  • Advertise with us
  • Contact us
  • About Us

Copyright © 2025 · WTWH Media LLC and its licensors. All rights reserved.
The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media.

Privacy Policy