Spectrum Control Acquires REMEC's RF Components Business

Fairview, PA -- Spectrum Control, a designer and manufacturer of electronic control products and systems, today announced that it has acquired substantially all of the assets and assumed certain liabilities of the RF and microwave components business unit (CBU) of REMEC. The purchase price of the acquisition was $8 million, plus possible contingent payments based upon CBU customer order rates during the next six months.

CBU, based in Palm Bay, FL, designs and manufactures RF and microwave components for military, aerospace, and commercial wireless markets. These components include amplifiers, frequency mixers, and various types of oscillators (voltage control, dielectric resonator, and digitally tuned). Major applications for these products include weapons systems, missiles, satellite systems, wireless base stations, and cable TV systems.

"With this acquisition, we continue to significantly expand our microwave technologies and product lines," Dick Southworth, Spectrum Control's president and CEO, commented. "CBU's products are a natural complement and extension to our existing frequency control product offerings which already include microwave synthesizers, multiple channel filter banks and preselectors, GPS low noise amplifiers, and numerous RF and microwave filter components."

"The expansion of our product offerings, particularly with more complex advanced systems and components, is a major element of our current strategic focus and long-term growth plan," Southworth continued. "Based upon current market conditions and customer order rates, we expect CBU sales to approximate $10 to $12 million during the next twelve months."

Source: Spectrum Control