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Microsemi secures Endwave's defense business
The Irvine-based company acquires Endwave’s defense electronics and security portfolio.
By Susan BelknappPublished: April 30, 2009 10:55 AM
Microsemi Corp., with corporate headquarters in Irvine, is a leading designer, manufacturer and marketer of semiconductors has acquired the defense electronics and security (D&S) business of San Jose-based Endwave.
Endwave is a leading provider of radio frequency (RF) solutions for mobile communications markets.
The assets will be acquired for a total equity value of $28 million in cash plus the assumption of specified liabilities; the deal is expected to be accretive immediately.
Microsemi will combine Endwave’s high-frequency porfolio with its own, creating one of the leading high-reliability RF product offerings in the market today, resulting in coverage of the technology spectrum up to 100 GHz.
Endwave’s D&S group has developed several state-of-the-art products
and won multiple contracts to supply many of Microsemi’s customers,
such as Boeing, Cobham, L3, Lockheed Martin, Northrop Grumman and
Raytheon.
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Microsemi Corp., with corporate headquarters in Irvine, is a leading designer, manufacturer and marketer of semiconductors has acquired the defense electronics and security (D&S) business of San Jose-based Endwave. Endwave is a leading provider of radio frequency (RF) solutions for mobile communications markets. The assets will be acquired for a total equity value of $28 million in cash plus the assumption of specified liabilities; the deal is expected to be accretive immediately. Microsemi will combine Endwave’s high-frequency porfolio with its own, creating one of the leading high-reliability RF product offerings in the market today, resulting in coverage of the technology spectrum up to 100 GHz. Endwave’s D&S group has developed several state-of-the-art products and won multiple contracts to supply many of Microsemi’s customers, such as Boeing, Cobham, L3, Lockheed Martin, Northrop Grumman and Raytheon. NEXT PAGE >> Related headlines 'OC METRO Minute,' April 28: Broadcom, Qualcomm reach agreement 'OC METRO Minute,' April 21: Broadcom offers to buy Emulex The IMS Company of Brea spreads its wings |
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