FAIRVIEW, Pa., 11 February 2005. Spectrum Control, Inc. today announced that Spectrum Microwave, Inc., its wholly owned subsidiary, has acquired substantially all of the assets and assumed certain liabilities of Amplifonix, Inc.
Amplifonix, based in Philadelphia, Penn., is a designer and manufacturer of RF amplifiers, switches, detectors, integrated systems, and voltage controlled oscillators. The purchase price of the acquisition was $10 million.
"With this acquisition, our third in the last 12 months, we continue to significantly expand our microwave technologies and product lines," said Dick Southworth, Spectrum Control's president and CEO.
"Amplifonix's products are primarily used in military and aerospace applications including military aircraft, secure communications, missiles, radar and defense systems. We believe this acquisition, combined with our acquisition last October of the Components Business Unit of REMEC, will position us as a leader in the hybrid amplifier marketplace. The expansion of our product offerings, particularly with complex advanced systems and components, is a major element of our current strategic focus and long-term growth plan. Based upon current market conditions and customer order rates, we expect Amplifonix sales to approximate $10 to $12 million during the next twelve months," he concluded.
Spectrum Control is a designer and manufacturer of components and systems used to condition, regulate, transmit, receive, or govern electronic performance. The company's largest markets are telecommunications equipment and military/aerospace, with applications in wireless base stations, broadband switching equipment, global positioning systems, secure communications, smart weapons and munitions, and avionic upgrades. Automotive represents an emerging market for the company's products, with significant applications in DC motors, telematics, and electronic safety controls. Other markets for the company's products include medical instrumentation, industrial equipment, computers, and storage devices. For more information, see www.spectrumcontrol.com.
