SAN JOSE, Calif. -- Continuing on its buying spree, analog-chip maker Microsemi Corp. has acquired Endwave Inc.'s defense electronics and security (D&S) business.
Under the terms, Microsemi is acquiring the D&S assets for a total equity value of $28 million in cash plus the assumption of specified liabilities.
Microsemi (Irvine, Calif.) intends to combine Endwave's high-frequency product portfolio with its own, covering the technology spectrum up to 100-GHz. Endwave's D&S group has won several contracts to supply its products on major systems projects with many current Microsemi customers, such as Boeing, Cobham, L3, Lockheed Martin, Northrop Grumman, and Raytheon.
Microsemi has also acquired several other companies in recent times.