iRobot Corp., a leader in delivering robotic technology-based solutions, announced that it has signed a definitive agreement to sell its Defense and Security business to Arlington Capital Partners for up to $45 million in total consideration, including a contingent payment based on achieving certain milestones.
NXP Semiconductors N.V. announced that the company has received clearance on the proposed transaction of the sale of its RF Power business to Jianguang Asset Manangement Co. Ltd. (“JAC Capital”) from the Committee on Foreign Investment in the United States (CFIUS). The divesture of the RF Power business is a condition for NXP’s merger with Freescale Semiconductor.
Resonant Inc., a creator of innovative filter designs for radio frequency front-ends (RFFE) for the mobile device industry, announced financial results for the third quarter ended September 30, 2015 and provided a business update.
In May, NXP announced an agreement that will facilitate the sale of its RF Power business. As part of our commitment to maintain an open dialogue with our customers, we are very pleased to report that we expect the announced divestment of the RF Power Business to be completed in Q4 of this year, subject to approval of regulatory authorities.
Technicolor has entered into an exclusive agreement with Cisco to acquire its customer premises equipment (CPE) business for €550 million (or $600 million equivalent) in a cash and stock transaction, reviewed by the Boards of Directors of the two companies, which will be on a cash free, debt free basis. The acquisition should result in Technicolor’s Connected Home segment reaching adjusted EBITDA in excess of €200 million by year end 2016 and best-in-class profitability (i.e.8-9% adjusted EBITDA margin) by 2017.
Custom MMIC, a leading developer of performance driven monolithic microwave integrated circuits (MMICs), is pleased to announce the appointment of Seaport Technical Sales, Inc. as their new technical representative covering the Pacific Northwestern territory, including Idaho, Montana, Washington, Oregon and British Columbia.
Joining a growing sector of Granite State manufacturers, TRM Microwave of Bedford has transitioned to a certified woman-owned small business. The decision to transfer the future of TRM, a major supplier of defense-related passive RF components, from Anthony Tirollo to current CEO Wendy Tirollo coincides with the company’s 45th anniversary.