Summit Partners Makes Growth Equity Investment
in M/A-COM Technology Solutions
LOWELL, MA and PALO ALTO, CA (January 11, 2011)—Growth equity investor Summit Partners today announced an investment for a minority stake in M/A-COM Technology Solutions Holdings, Inc., a leading supplier of semiconductors, active and passive components, and sub-assemblies for use in radio frequency, microwave and millimeter wave applications. Financial terms of the transaction were not disclosed.
M/A-COM Tech provides solutions to a broad range of complex radio frequency (RF) and microwave circuit design, packaging and manufacturing challenges faced by top OEMs and systems integrators. The company is the partner of choice in a variety of markets—including cellular base stations and infrastructure, military communications, avionics, radar, medical equipment, point-to-point and broadband radios, and broadcast equipment. Its products are sold and distributed globally via multiple sales channels—including a direct field sales force, authorized sales representatives and leading industry distributors.
John Ocampo, Chairman of the Board of M/A-COM Tech, said, “We are very pleased to add Summit Partners as an investor in and adviser to M/A-COM Tech. With Summit’s unparalleled sector expertise and track record in communications technology, we believe M/A-COM Tech will be even better positioned to invest in new products and technologies that will allow us to continue providing market-leading solutions to our customers worldwide."
Mr. Ocampo is an RF components industry veteran, having co-founded former Summit Partners portfolio company Sirenza Microdevices (NASDAQ:SMDI), a diversified supplier of RF semiconductors and components, which he led through a successful IPO and eventual sale to RF Micro Devices (NASDAQ:RFMD) in 2007.
Peter Chung, Managing Director of Summit Partners, will join the M/A-COM Tech Board of Directors. Mr. Chung said, "M/A-COM Tech enjoys a unique position in the RF component sector with its rich history of innovation and, more recently, its significant growth and development as an independent company. We look forward to working closely with the M/A-COM Tech management team and board. We are also very grateful for the opportunity to work again with John and his outstanding team of executives."
About M/A-COM Technology Solutions
ABOUT M/A-COM TECHNOLOGY SOLUTIONS INC. M/A-COM Technology Solutions (M/A-COM Tech) is a leading supplier of semiconductors, active and passive components for use in radio frequency (RF), microwave and millimeter wave applications. Headquartered in Lowell, Massachusetts, with offices throughout North America, Europe, Asia, and Australia, M/A-COM Tech builds on 60 years of experience to design and manufacture innovative products addressing aerospace and defense, CATV and broadcast, consumer electronics, industrial and scientific, infrastructure, and public safety applications for top OEMs worldwide. For more information, go to macomtech.com
FOR SALES INFORMATION, PLEASE CONTACT:
North America - Phone: 800.366.2266
Europe - Phone: +3184.108.40.20600
India - Phone: +91.80.43537383
China - Phone: +86.21.5108.6464
M/A-COM Technology Solutions Inc.
100 Chelmsford Street
Lowell, Massachusetts 01851