Announced
Synopsis
MACOM Technology Solutions, a supplier of semiconductor products, agreed to acquire OMMIC, , a semiconductor manufacturer with expertise in wafer fabrication, epitaxial growth and monolithic microwave integrated circuit processing and design, for €38.5m. “We are excited to acquire a new engineering and manufacturing facility located in France. The acquisition of OMMIC is expected to enable us to further increase our focus on the European markets, expand our wafer production capability and extend our product offerings to higher millimeter-wave frequencies, which are all in line with our long-term strategy. We believe that combining OMMIC’s technology and manufacturing capability with MACOM’s scale and market presence will be a driver of long-term growth and profitability,” Stephen G. Daly, MACOM President and CEO.
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