Microsemi Acquires Defense & Security Business from Endwave Corporation
Combination Extends Next-Generation Defense Electronics Offering to Additional Markets
IRVINE, Calif., Apr 30, 2009 (GlobeNewswire via COMTEX News Network) -- Microsemi Corporation (Nasdaq:MSCC), a leading manufacturer of high performance analog mixed signal integrated circuits and high reliability semiconductors, and Endwave Corporation (Nasdaq:ENWV), a leading provider of high-frequency RF solutions for mobile communications markets, today announced that Microsemi has acquired Microsemi-RFIS's defense electronics and security (D&S) business.
Microsemi intends to combine Endwaves's high-frequency product portfolio with its own, creating one of the leading high-reliability RF product offerings in the market today and covering the technology spectrum up to 100 GHz. This acquisition will expand Microsemi capabilities for next-generation, high-growth defense electronics applications such as theater-wide video and voice communications, advanced radar systems, remote sensing and broadband transmission systems. In Homeland Security applications, the D&S group provides technologies for radar fencing, stand-off threat detection systems and advanced personnel screening portals. Microsemi intends to expand the D&S business into new, related markets such as satellite and space, in which the D&S technology is a natural extension of Microsemi's ongoing thrust into the marketplace.