2023-03-06 09:25:26 ET
- MACOM Technology Solutions ( NASDAQ: MTSI ) acquired Linearizer Communications, a developer of industry leading products located in Hamilton, New Jersey, for ~$49M.
- Acquisition was funded with cash-on-hand and is expected to be immediately accretive to MACOM’s adj. EPS.
- The company plans to maintain and expand Linearizer’s current manufacturing and engineering facility
- Linearizer specializes in non-linear microwave predistortion for use in terrestrial, avionic and space-based applications and high-performance microwave photonic solutions for use in the industrial and defense markets.
- The acquisition is not expected to have a material impact on MACOM's FQ23 revenue and adj. EPS.
For further details see:
MACOM Technology acquires Linearizer Communications for $49M