Microsemi Acquires SEMICOA

July 16, 2008 by Jeff Shepard

Microsemi Corp. announced its acquisition of substantially all of the assets of SEMICOA, described as a leader in the design, development, and manufacturing of semiconductors and smart munitions optoelectronics for the high reliability military, commercial aerospace and satellite markets, as well as a leading competitor in the small signal high reliability transistor markets as evidenced by its long list of DSCC qualifications. Total consideration for SEMICOA was approximately $25 million in cash. Microsemi expects the acquisition will be accretive.

"SEMICOA is one of the leading private players in the high reliability marketplace, which makes this one of the most exciting and profitable acquisitions we have made in this area," stated James J. Peterson, President and Chief Executive Officer of Microsemi Corp.. "Not only is the acquisition accretive, but it also offers considerable long term synergies as we consolidate SEMICOA’s current operations. In recent years SEMICOA has been rapidly expanding its capacity to meet strong end market demand and we fully expect to benefit from this investment as we consolidate its front-end and back-end equipment and operations into our Lawrence and Ireland facilities, thus increasing capacity while benefitting from our operational advantages."