Labtech Limited, based in Presteigne, Wales, and a wholly owned subsidiary of Intelek plc, has purchased from Filtronic Components Limited the assets of Filtronics' microwave components facility located in Milton Keynes, UK. In addition, Labtech has also entered into a three year supply agreement with Filtronic Components Limited.
The purchase of the assets, which include plant, equipment and stock, for £0.5m, will allow Labtech to extend its range of microwave design and manufacturing services to include thin film microwave circuit manufacture and microwave module assembly and test. The Milton Keynes facility will operate as a separate division, offering a range of custom standard range microwave components for the military and satcoms markets, and will be re-named "Labtech Microwave". It is expected to generate sales of over £1.2 million over the next twelve months, £0.8 million of which is covered by a firm order from Filtronic Components Limited.
Labtech will also rename the existing Presteigne operation as "Labtech Circuits". This division will continue to manufacture microwave printed circuit boards, MMIC (monolithic microwave integrated circuit) packaging solutions and RF machining.