AVX buys Ethertronics for IMD antennas
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.
AVX agreed to acquire Ethertronics for a consideration of $142.0 million in cash and assumption of $8.0 million of net debt.
www.avx.com
www.ethertronics.com
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