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Galileo Technology Ltd (Marvell)

Galileo Technology Ltd (Marvell) [ GALILEO ]

Since 1987, Galileo has been a global reference in modular technologies for both CNG and LNG production and transportation.

Its portfolio includes the widest range of compressors and pumps for vehicles and vessels; pipeline boosters and wellhead compressors; and the Virtual Pipeline? system, for gas distribution by road, which can reach remote communities and industries without pipeline network connection. Based in Buenos Aires, Argentina, and with a Global Service and Training Hub in Los Angeles, USA, Galileo exports and provides ongoing assistance to customers in 70 countries in Latin America, North America, Europe, Africa and Asia.

January 22, 2001, Marvell? Technology Group Ltd. (Marvell) (NASDAQ: MRVL), a technology leader in the development of extreme broadband DSP-based mixed-signal integrated circuits for communications signal processing markets, announced that it has completed the acquisition of Israel-based Galileo Technology Ltd. (Galileo).

Galileo, a market leader in communications systems on silicon, is one of the semiconductor industry's fastest growing suppliers of complex, high-performance, integrated circuit devices serving the needs of the LAN, MAN and WAN markets. Galileo is now a wholly-owned subsidiary of Marvell Technology Group Ltd. and will continue operations in Manof, Israel and San Jose, Calif. With Marvell and Galileo's technology leadership, the combined company is now positioned to provide a complete end-to-end solution for building networked communications systems. The merger also positions Marvell for significantly broader market opportunities in areas such as 10 Gigabit Ethernet, wireless and terabit-class communication solutions.

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