IN BRIEF: CML Microsystems completes Microwave Technology acquisition
2nd Oct 2023 11:37
CML Microsystems PLC - Essex, England-based company that develops mixed-signal, radio frequency and microwave semiconductors for communications markets - Completes the acquisition of Microwave Technology Inc for USD13.2 million, USD7.7 million of which is payable in cash, with the remaining amount to be paid in CML shares. Says the cash payment will be made in four tranches up to the second anniversary of the acquisition. Adds that it will issue 864,349 CML shares at 440 pence each to the sellers. Notes that the deal will increase its capabilities in research & development, adding that Microwave Technology's products are complementary to its current offering. Read More