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MACOM buys Mindspeed, adds SiGe technology to portfolio
1 min read
Mindspeed Technologies is being acquired by M/A-COM Technology (MACOM) in a deal which values it at more than $270million.
"After a thorough review of a range of alternatives, we are thrilled to be joining forces with MACOM," said Raouf Halim, pictured, Mindspeed's chief executive officer. "The company shares our commitment to innovation, and the two companies complement each other well, particularly within the high performance analogue market segment. Together we will have the scale and resources to deliver innovative technologies to our customers and drive growth, with a larger portfolio of products and a global sales force."
MACOM is a supplier of high performance rf, microwave and millimetre wave products and is generally associated with the military market.
MACOM's president and ceo John Croteau, noted: "Mindspeed's leadership in SiGe based products, along with its long held position in enterprise video and metro markets, complements our strong position in long haul modulator drivers based on InP and GaAs technology.
"This will position MACOM as a clear leader across all 100G segments, all physical layer products and all requisite technologies, enabling us to capitalise on the expected decade long build out of the 100G optical market."
Meanwhile, Mindspeed is in what it says are 'advanced discussions' regarding the sale of its wireless business and expects to continue those efforts in the coming weeks. Mindspeed acquired Bath based femtocell specialist picoChip in January 2013.