News

2 June 2010

 

M/A-COM Tech and Mimix complete merger

M/A-COM Technology Solutions Inc of Lowell, MA, USA, a supplier of semiconductors, components, and subassemblies for use in RF, microwave and millimeter-wave applications, has completed its merger transaction of Mimix Broadband Inc of Houston, TX, USA and its subsidiaries (announced on 6 May). Financial terms of the merger were not disclosed.

The management teams of M/A-COM Tech and Mimix will be combined to maximize growth opportunities created by the merger. M/A-COM Tech’s CEO Joseph Thomas will continue as CEO of the combined organization. Mimix Broadband’s CEO Rick Montgomery will maintain a strategic role with M/A-COM Tech, pursing new technology and business opportunities.

“This advantageous merger with Mimix provides a highly complementary combination of technology, instantly creating the most compelling offering of silicon- and GaAs-based high-performance products,” reckons Thomas. “Together, we can offer our global customers full block diagram solutions to address their most demanding system needs,” he adds. The combination of the two organizations establishes a solid foundation for continued growth by offering a best-in-class set of solutions, comments Montgomery.

M/A-COM was founded in the 1960s, but in 1995 was acquired by Pennsylvania-based AMP Inc, before becoming Tyco Electronics’ Wireless Systems Segment after Tyco International Inc’s acquisition of AMP in 1999. In September 2008, the defense & aerospace and commercial segments of M/A-COM Inc was acquired by UK-based aerospace technology developer Cobham plc, which in March 2009 sold off the commercial segment (renamed M/A-COM Technology Solutions Inc) for up to $90m to John Ocampo, co-founder, owner and president of Silicon Valley-based private equity fund GaAs Labs LLC (and co-founder of Sirenza Microdevices Inc). GaAs Labs is focused on providing financing and operational expertise to help grow companies addressing communications semiconductor and related markets. The firm partners with entrepreneurs and management teams to increase portfolio companies' growth and profitability.

With offices in Houston, Sydney in Australia, Belfast in Northern Ireland, UK and Hsinchu in Taiwan, fabless firm Mimix combines semiconductor design expertise and communications systems background to develop gallium arsenide (GaAs) semiconductors from DC to 50GHz for RF, microwave and millimeter-wave applications. The company has a highly diversified product line serving top-tier telecom, satellite and defense companies worldwide.

See related item:

Mimix to merge with M/A-COM Tech

Search: Mimix M/A-COM Tech GaAs

Visit: www.macomtech.com

Visit: www.mimixbroadband.com