MANHASSET, N.Y. Spectrum Control Inc. has acquired the RF and microwave Components Business Unit of Remec Inc. for $8 million, plus possible contingent payments based upon customer order rates during the next six months.
Remec's Component Business Unit designs and manufactures RF and microwave components for military, aerospace and commercial wireless markets, including amplifiers, frequency mixers, and various oscillators.
"With this acquisition, we continue to significantly expand our microwave technologies and product lines," said Dick Southworth, Spectrum Control's president and chief executive, in a statement. "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."
Southworth added, "Based upon current market conditions and customer order rates, we expect CBU sales to approximate $10 to $12 million during the next twelve months."