Microsemi Corp. announced that it acquired the Space Level Power Products business of Spectrum Microwave, Inc., a wholly-owned subsidiary of Spectrum Control, Inc..
Spectrum is a leading provider of RF and Microwave components and systems. The acquired technology consists of MIL-PRF 38534 power products for the Satellite and high-reliability markets including Rad Hard linear regulators, Rad Hard switching regulators, and Rad Hard point of load (POL) devices.
"This acquired technology is synergistic for us on many fronts," stated James J. Peterson, President and Chief Executive Officer of Microsemi Corp.. "Not only does it complement our internally developed Rad Hard and Rad Tolerant transistor products but it also creates synergy with our recently-acquired dc-dc power management solutions group, allowing us to ultimately increase our opportunity within the attractive Satellite and Space markets. By integrating this business into our Lawrence, Massachusetts facility, we expect to further increase our operational efficiencies."
This strategic technology acquisition will have minimal revenues associated with it for the next several quarters. Microsemi will further discuss this acquisition and provide general business updates during its second quarter results conference call on April 23rd.
