Mega Industries and Ferrite Microwave Technologies (FMT) today announced the closing of the merger of the two companies, now operating under a new holding company called Microwave Techniques. Deal terms were not announced.
The new company includes the Micro Communications (MCI) and FXR Microwave dummy load product lines previously acquired by Mega Industries.
The combination of Mega, FMT, MCI and the FXR Microwave dummy load product lines creates a global leader in high power microwave systems and components, according to the companies, offering customers a single source to support demanding high power microwave needs. The range of products includes circulators, isolators, loads, rigid waveguides, flexible waveguides, coaxial components, ultra-high vacuum components and broadcast components in sizes from WR28 through WR2300 and supporting applications from 50 MHz to 50 GHz and power levels from 5 W to >50 MW.
FMT is the global leader in industrial microwave systems, with an installed base of thousands of systems for tempering, cooking and heating applications in a range of industries.
The combined company will employ over 100 people with close to 85,000 square feet of production capacity across two facilities in Maine and New Hampshire. Microwave Techniques will continue to use the existing brand names of the individual portfolios.
Reflecting their complementary products, the two companies have worked together for years, which will help ensure a seamless integration. The combined engineering, operations and sales teams will provide system-level benefits to the thousands of customers served in the broadcast, high energy physics research, radar, space, defense, food and heating markets.
“The merger of FMT and Mega is an industry game changer and makes perfect sense for our employees and customers,” said Peter Tibbetts, the CEO of Ferrite.
“Strategically, the fit is ideal, given the proximity, alignment of our cultures and teams and complementary product offerings,” said Peter Anania, the president of Mega Industries.
Microwave Techniques has launched a new website to provide an overview of the capabilities and products of the new company.