Spectrum Control to Acquire Sage Laboratories
Spectrum Control Inc., a designer and manufacturer of custom electronic products and systems, announced that it has signed a definitive agreement to acquire substantially all of the assets and assume certain liabilities of Sage Laboratories Inc., a wholly-owned subsidiary of Ceralta Technologies Inc.
Sage Labs, with operations in Hudson, NH, designs and manufactures custom RF and microwave components and subsystems including filters, diplexers, multiplexers, hybrids and digital frequency discriminators. The transaction is expected to close before the end of June.
Dick Southworth, Spectrum Control's President and Chief Executive Officer, commented, "This acquisition reflects our strategy of continuously expanding our product and technology capabilities through acquisitions, as well as internal research and development. Sage Labs' subsystem product offerings and its suspended substrate stripline technology are natural complements to our current Microwave Components and Systems Business. A majority of Sage Labs' products are used in defense and aerospace applications, including missile defense systems, electronic warfare, military aircraft and radar systems."
Current annualized revenues of Sage Labs' products are approximately $12 M.