SAN DIEGO -- REMEC Inc., a publicly-traded supplier of high-frequency subsystems here, announced it plans to acquire Pacific Microwave Corp., a device assembler and testing house in the Philippines. Privately-held PMC specializes in backend production and testing of radio-frequency (RF), microwave, and millimeter-wave gallium-arsenide (GaAs) devices, subsystems, and boards for broadband wireless applications.
Seventeen-year-old REMEC did not release details on the terms of the purchase agreement. The transaction is expected to be completed by the end of January.
"The demand for high-frequency microwave integrated assemblies--utilizing hybrid 'chip-and-wire' technology for broadband wireless applications--is growing at a rapid rate," noted Ron Ragland, chief executive officer and chairman of REMEC. "This acquisition will enable REMEC to further address the strong customer demand for it's products and advance our stated goal to develop world class manufacturing leadership for wireless infrastructure."
Ragland said the purchase of the Philippines assembly and testing company complements REMEC's Costa Rica venture and "does not detract from our plans to develop our engineering and manufacturing capacity in China."
In the Philippines, PMC employs about 850 workers, including microwave engineers, technicians, and assemblers. According to company officials, the company handles RF, microwave and millimeter wave assembly and test for wireless frequencies ranging from DC to 50-GHz.