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MACOM Announces Acquisition of Linearizer Communications Group
LOWELL, Mass.--(BUSINESS WIRE)-- MACOM Technology Solutions Holdings, Inc. (“MACOM”) (NASDAQ: MTSI), a leading supplier of semiconductor products, today
About this update from Macom Technology Solutions Holdings, Inc.
[{"type":"text","content":" LOWELL, Mass.--(BUSINESS WIRE)--\nMACOM Technology Solutions Holdings, Inc. (“MACOM”) (NASDAQ: MTSI), a leading supplier of semiconductor products, today announced that it has acquired Linearizer Communications Group (“Linearizer”), a developer of industry leading products located in Hamilton, New Jersey.\n\nLinearizer was founded in 1991 by Dr. Allen Katz and specializes in non-linear microwave predistortion for use in terrestrial, avionic and space-based applications and high-performance microwave photonic solutions for use in the industrial and defense markets. The Linearizer team uses proprietary design and manufacturing techniques to produce its high-performance components and subsystems. Linearizer has a long history of service to its loyal customer base, which is primarily in North America.\n\n“We are pleased to welcome Linearizer’s team into MACOM,” stated Stephen G. Daly, President and Chief Executive Officer, MACOM. “This acquisition strengthens MACOM’s component and subsystem design expertise in our target markets, which is in line with our long-term growth strategy.”\n\nDr. Allen Katz, Founder and President of Linearizer, stated, “We are thrilled to become part of MACOM. The synergy between our organizations is incredible. We look forward to executing a growth strategy utilizing the resources that MACOM can bring to bear.”\n\nThe purchase price was approximately $49 million, funded with cash-on-hand. MACOM plans to maintain and expand Linearizer’s current manufacturing and engineering facility. The acquisition is expected to be immediately accretive to MACOM’s adjusted earnings per share. However, due to the timing of the acquisition closing, it is not expected to have a material impact on MACOM’s fiscal second quarter of 2023 revenue and adjusted EPS.\n\nAbout MACOM\n\nMACOM designs and manufactures high-performance semiconductor products for the Telecommunications, Industrial and Defense and Datacenter industries. MACOM services over 6,000 customers annually with a broad product portfolio that incorporates RF, Microwave, Analog and Mixed Signal and Optical semiconductor technologies. MACOM has achieved certification to the IATF16949 automotive standard, the ISO9001 international quality standard and the ISO14001 environmental management standard. MACOM operates facilities across the United States, Europe, Asia and...