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Spectrum Control Completes Acquisition Deal

Spectrum Control Inc. has completed an acquisition of most of acoustic wave technologies developer Micro Networks Corp.

The Fairview, Pennsylvania firm said in a news release that its microwave unit recently purchased "substantially all of the assets" of Integrated Device Technology's Micro Networks in a move to expand the company's microwave capabilities for defense and other applications.

Spectrum Control, a custom electronic solutions developer for defense markets, says the acquisition was completed for approximately $13 million.

"We are very pleased to complete this acquisition, which expands our microwave capabilities to include surface acoustic wave products and technology," says Dick Southworth, president and CEO of Spectrum Control.

"Surface acoustic wave filters are a natural complement to our existing microwave capabilities, as these products predominantly serve our major targeted markets of military, aerospace and communications equipment," he said.

Sypris Acquires Davis Calibration

Sypris Test & Measurement of Orlando, Florida and Davis Calibration of Baltimore, Maryland report that STM has completed the acquisition of Davis. Details of the transaction were not disclosed.

Founded in 1912, Davis Calibration is a leader in the calibration, repair and certification of test, measurement and control instruments. It serves its customers from 29 calibration laboratories located throughout the U.S. staffed with highly trained calibration experts and the calibration capabilities and capacity to meet the needs of virtually every industry. Prior to this transaction, Davis was owned by JPB Enterprises, Inc., a Columbia, Maryland-based private equity and advisory service firm.

STM is a wholly owned subsidiary of Tektronix, Inc. and is a leading provider of calibration services, testing and component sourcing services. The company serves customers in a variety of markets, including military, aerospace, avionics, telecommunications, automotive, semiconductor, medical and more.



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