Microsemi agrees to acquire Vectron, a high-performance timing business
ALISO VIEJO, Calif. Officials at Microsemi Corp. entered into a definitive agreement to acquire the high-performance timing business of Vectron International, a Knowles company, for $130 million.
Microsemi officials expect the acquisition to be immediately accretive once closed. The transaction is subject to customary closing conditions and is currently expected to close in Microsemi's fiscal first quarter ending December 2017.
Vectron focuses in the design, manufacture, and marketing of frequency control, sensor and hybrid solutions using techniques in both bulk acoustic wave (BAW) and surface acoustic wave (SAW)-based designs from DC to microwave frequencies. Products include crystals and crystal oscillators; frequency translators; clock and data recovery products; SAW filters; SAW oscillators; crystal filters; SAW and BAW based sensors and components used in telecommunications, data communications, frequency synthesizers, timing, navigation, military, aerospace, medical and instrumentation systems.
James J. Peterson, Microsemi's chairman and CEO, says "Vectron's highly complementary technology suite expands our product offering with differentiated technology and allows Microsemi to sell more to its tier one customers in the aerospace and defense, communications and industrial markets while improving upon the operating performance of the combined model as we execute on significant synergy opportunities."