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  • Wednesday, April 24, 2024

MACOM Buys Cobham’s Aeroflex Diode Portfolio for $38M Cash


101209-G-0450H-105 - Locating devicesM/A-COM Technology Solutions Holdings (Nasdaq: MTSI) has bought the Aeroflex radio frequency and microwave diode portfolio of Cobham through a $38 million cash transaction.

John Croteau, MACOM president and CEO, said Monday the deal is intended to complement the company’s semiconductor business and that he expects the acquisition to be accretive on earnings and operating margin of the company.

The diode portfolio generated $37 million in revenue for Cobham’s 2014 fiscal year.

Lowell, Massachusetts-based MACOM offers millimeterwave, photonic, microwave and RF semiconductors in the optical, satellite, radar, automotive, medical, communication and industrial markets.

MACOM also holds ISO9001 international quality and ISO14001 environmental management certifications.

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