5th Feb 2021 10:43
CML Microsystems PLC - Maldon, England-based radio frequency semiconductor maker - Completes acquisition of its storage unit Hyperstone to Swissbit AG, a German producer of industrial-grade data-storage and embedded internet of things solutions. Says disposal price of USD49 million in cash reflects a decision made to refocus the group exclusively on the global communications market, which represents a large and high growth market opportunity.
"The disposal further enables CML to direct its efforts, including research and development spend, on capturing the exciting growth opportunities within the wireless communication markets, leveraging its standing as a key supplier to many of the world's Tier 1 equipment manufacturers," said CML back in December.
Current stock price: 382.00 pence
Year-to-date change: up 8.2%
By Zoe Wickens; [email protected]
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