M/A-COM Press Release - 4/2/2009
M/A-COM Tech was founded as Microwave Associates in 1950. It was re-incorporated in September 2008, concurrent with Cobham’s acquisition of M/A-COM’s defense and commercial businesses, to facilitate its divestiture from Cobham. The products and markets that M/A-COM Tech serves were not seen as core to Cobham’s business strategy.
“This transaction could not have worked out better from M/A-COM Tech’s point of view. Our buyers have an intimate understanding of our technologies and markets and a proven track record of successful acquisitions and profitable growth.” comments Joe Thomas, president/CEO of M/A-COM Technology Solutions.
M/A-COM will continue to focus on commercial, industrial and government markets, specializing in RF, microwave and millimeter wave component and technology solutions. The company’s products are utilized around the globe in a wide range of applications including wireless infrastructure, handsets, WLAN, WiMax, CATV, VSAT, automotive, test and measurement, radar, defense and government RF, microwave and millimeter wave systems.
Industry analyst Asif Anwar at Strategy Analytics comments, "We see this acquisition as a positive for M/A-COM Tech. The prior expertise and focus of the personnel at GaAs Labs should bring a number of benefits to the company, not least of which will be an understanding of the core trends in the semiconductor market. This will translate to a "hands-off" approach that will help M/A-COM Tech preserve technology roadmap development efforts and retain core staff, allowing the company the breathing space necessary to focus on growth opportunities moving forwards."
John Ocampo remarks “We are thrilled to have the unique opportunity to acquire one of the best known companies in the RF and microwave space. M/A-COM Tech is an icon in our industry. We look forward to leveraging the company’s products and technologies as platforms for future growth.”
About GaAs Labs LLC
GaAs Labs has extensive experience and a proven track record of success in developing and supplying high performance semiconductors and related devices for RF, microwave and related applications in commercial communications, satellite and defense-related markets worldwide. Rather than working with one partner only, each of our companies has access to the collective vision, experience and network of all our GaAs Labs members.
The company is focused on providing the financing and operational expertise necessary to help grow the next generation of world-class companies addressing communications semiconductor and related markets. We are looking to partner with outstanding entrepreneurs and management teams to increase portfolio companies' growth trajectory, profitability and market leadership.
About M/A-COM Technology Solutions, Inc.
M/A-COM Technology Solutions, Inc. (M/A-COM Tech) and provides innovative design solutions and products including:
• Si, GaAs, AlGaAs, InGaAs, InP and SiGe IC products
• Unique MMIC processes: HMIC™, GMIC™, MSAG™, iHBT™
• In-house design, fabrication, assembly and screening capabilities
• Multiple facilities for improved flexibility and local content manufacturing
• Design expertise covering the spectrum from RF through millimeter wave frequencies
• One of the broadest selection of standard and custom products in the industry
Headquartered in Lowell, Massachusetts, M/A-COM Tech will build on some 60 years of experience to develop and manufacture active and passive products, including Si and compound semiconductors from facilities in Lowell, MA and Torrance, CA. Infrastructure products will continue to be provided by the Company’s facility in Cork, Ireland and Laser Diode products in Edison, NJ. The company is certified to ISO 9001, ISO 14001, AS 9100 and QS-9000.
For more information visit www.macom.com/default.asp
Marketing Communications Director
M/A-COM Technology Solutions, Inc.
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