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Expected highlights of the transaction include:
- Extending MACOM’s leadership position in RF and microwave diodes;
- Complementing existing product portfolio with addition of JAN-certified diodes and transistors;
- Increasing scale and opportunity to drive COGS efficiencies; and
- Accretion to MACOM’s earnings per share once fully integrated.
Commenting on the transaction, John Croteau, President and Chief Executive Officer of MACOM, stated, “We expect that Areoflex’s business will be extremely complementary to our existing product portfolio and further extend MACOM’s leading position in high-performance diodes. We believe that the transaction will provide meaningful scale advantages for our diode business, and that once their facilities are fully integrated, MACOM will be able to drive beneficial COGS efficiencies that will make the transaction accretive to MACOM’s non-GAAP operating margins and earnings per share.”
MACOM funded the purchase price of the acquisition with available cash.
Ropes & Gray LLP acted as legal counsel to MACOM. Jaeckle Fleischmann & Mugel, LLP acted as legal advisor to Cobham.
A presentation with further information on the transaction is available on MACOM’s investor relations website at: http://ir.macom.com/
About MACOM:
M/A-COM Technology Solutions Holdings, Inc. (www.macom.com) is a leading supplier of high-performance analog RF, microwave, millimeterwave and photonic semiconductor products that enable next-generation Internet and modern battlefield applications. Recognized for its broad catalog portfolio of technologies and products, MACOM serves diverse markets, including high speed optical, satellite, radar, wired and wireless networks, automotive, industrial, medical and mobile devices. A pillar of the semiconductor industry, we thrive on more than 60 years of solving our customers’ most complex problems, serving as a true partner for applications ranging from RF to Light.
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