- MACOM Technology Solutions ( NASDAQ: MTSI ) through one of its French subsidiaries to acquire the assets and operations of Limeil-Brévannes, France- based OMMIC SAS for total consideration of approximately €38.5M.
- OMMIC currently operates a 3-inch wafer production line and has recently installed, but is not currently utilizing, a 6-inch line.
- The addition will enable MACOM to better address microwave applications in the Telecommunications, Industrial and Aerospace and Defense markets.
- The purchase price of ~€38.5M will be funded with cash-on-hand and includes real estate and all associated facilities.
- The deal is expected to close during MACOM’s fiscal second quarter of 2023.
For further details see:
Macom to acquire Ommic SAS for €38.5M