Following a shareholders vote at the company’s Extraordinary General Meeting EGM on May 2, Sivers IMA Holdings AB of Sweden affirmed that it would acquire all available shares in Compound Semiconductor Technologies Global Ltd (CST Global) of Scotland.
Sivers IMA supplies and develops microwave and millimeter wave technology for radar sensors and both existing and next generation wireless communication network applications in WiGig / 5G wireless. Acquiring CST Global, a producer of III-V compound semiconductor lasers, adds a foundry facility and brings direct, fiber optic, network product manufacturing to its portfolio. This new manufacturing capability includes the fabrication of optical lasers for high-growth, data center, cloud and “fiber-to-the-subscriber” markets in China, Europe and America.
Neil Martin, CEO of CST Global, stated, “CST Global is pleased to join the Sivers IMA group. Both companies are seeing more than 45% growth, compared to the same period last year. We operate in complementary parts of the emerging, next generation, high subscriber network markets where we can now offer photonic, microwave and millimeter wave solutions.”
At the initial announcement of the acquisition, Anders Storm, CEO of Sivers IMA said, “We know that data usage and bandwidth needs are constantly increasing and with this acquisition, Sivers IMA is now able to offer basic components in these growth areas. This place Sivers IMA as a company in a very advantageous position.”