Sivers Semiconductors completed the acquisition of MixComm for $135m.

Sivers Semiconductors completed the acquisition of MixComm, a US-based mmWave challenger fabless semiconductor company, for $135m. The consideration will be paid through a combination of $23m in cash and $113m in 39.3m newly issued Sivers shares based on the 10-day volume weighted average price of a Sivers share prior to signing of the agreement. “We have worked closely with the MixComm team to finalize this acquisition and it has been a great pleasure getting to know many of the team members. MixComm has in a short time period been able to build a very impressive customer list as well as sales funnel. MixComm and Sivers have the same philosophy when it comes to building partnerships within the mmWave eco-system and by adding these eco-systems together we will create an even greater combined entity. I would like to welcome MixComm into the Sivers family and look forward to executing on all the exciting plans we have together," Anders Storm, Sivers CEO.