AVX acquires antenna specialist Ethertronics
Specializing in advanced antenna system technology and antenna products for wireless applications such as mobile phones, Wi-Fi, defense, aerospace, medical, and Internet of Things (IoT), Ethertronics had agreed to be acquired by AVX last month. Its passive and active Isolated Magnetic Dipole (IMD) antennas are extremely efficient, insensitive to changes in ground planes and local interference, and are offered as having a unique design that lets users tune for multiple frequencies in confined spaces and actively tune for both radiation pattern coverage and frequency.
With its purchase of Ethertronics, says AVX, it has acquired more than 200 patents; R&D, manufacturing, and sales facilities in six locations globally (China, South Korea, Vietnam, France, Taiwan, and the Americas); and approximately 700 employees, 120 of whom are actively engaged in product development.
“Adding Ethertronics innovative and award-winning products to our already-extensive portfolio of advanced electronic component solutions significantly extends our reach into the wide world of antenna technology, which provides critical enabling support for the steady-growth wireless equipment market,” says AVX President and Chief Executive Officer, John Sarvis. “We are proud to add this premier brand to the AVX product family and are excited for the many new growth opportunities it will offer.”
AVX agreed to acquire Ethertronics for a consideration of $142.0 million in cash and assumption of $8.0 million of net debt.
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