M/A-COM Technology Solutions and Mimix Broadband to Merge
Source/Type: News - Staff reports

Author: CompoundSemi News Staff

May 10, 2010... Mimix Broadband, an RF, microwave, and millimeter wave component company has agreed to be acquired by M/A-COM Technology. The company's jointly announced that their respective corporate parents have signed a definitive merger agreement that will add Mimix and its subsidiaries to the M/A-COM Tech family of companies. Mimix is a fabless supplier of gallium arsenide (GaAs) semiconductors for DC to 50 GHz RF, microwave, and millimeter-wave applications. Under the terms of the merger agreement, Mimix Holdings, Inc. and its subsidiaries will join M/A-COM Tech as subsidiaries of M/A-COM Technology Solutions Holdings, Inc. The transaction is subject to customary closing conditions and is currently expected to close in late May 2010. Financial terms were not disclosed.

The company's anticipate that the acquisition will: add breadth to M/A-COM Tech’s portfolio of high performance semiconductors and provide significant opportunities for margin expansion and cross-selling; Increase penetration of high-growth, profitable markets, including point-to-point radio and MoCA applications; strengthen M/A-COM Tech’s block diagram solution selling approach; deepen both companies’ relationships with key global customers; augment M/A-COM Tech’s hybrid fab business model.

“This strategic merger with Mimix enables us to expand our product offering of high performance, multi-function MMIC solutions, which Mimix has deep expertise in developing,” stated Joe Thomas, CEO, M/A-COM Tech.

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