RFMW announced the intention to acquire MRC Gigacomp (MRCG) and MRC Components (MRCC) in Germany. Both MRCG and MRCC represent and distribute industry-leading manufacturers of RF, microwave, mmWave components, in Germany, Austria, Switzerland and Benelux. The agreement fortifies RFMW’s international presence, with a very impressive footprint across Europe, and it enhances their prominent position as a highly skilled, experienced and technical, sales and marketing organization.
Consummation of the transaction is subject to merger clearance approval, and is expected to close on March 31, 2023.
“We are excited about this agreement with RFMW,” commented Frank Lauber, managing director of MRCG. “RFMW’s products directly align with our focus and customer base. We are particularly excited to become a part of the RFMW family and we look forward to working with our new global colleagues.”
"We are confident that RFMW’s partnership with the MRC Organization will enhance our ability to provide customers with best-in-class solutions and support,” said James Millsap, managing director of MRCC.
“We appreciate MRC’s closely aligned mission and philosophy with RFMW’s,” stated Mike Carroll, vice president of global sales at RFMW. “MRC’s excellent customer relationships and European coverage will further enhance RFMW’s international footprint and strengthen our line card. We are confident that our customers and suppliers will benefit from the acquisition, and we look forward to working with the team.”
Ben Skipper, finance director of the Exponential Technology Group, added, “We are delighted to welcome the MRC group to the XTG family. As we continue to expand our global portfolio, the addition of MRC will help further cement RFMW’s position as the premier technical distributor of RF and microwave semiconductors, connectors and components in Europe.”