Anaren (ANEN) Completes Acquisition of Unicircuit
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Anaren, Inc. (Nasdaq: ANEN) announced that it has completed the acquisition of Unicircuit Inc. for a price of about $21.7 million. Earnings from Unicircuit are expected to be accretive to Anaren's FY09 earnings.
Unicircuit had net sales of $18.7 million in 2007. Unicircuit is a leader in high frequency PCB technology and will enhance Anaren's ability to capture integrated microwave assembly opportunities in the defense, satellite and aerospace markets.
Unicircuit will be integrated into Anaren's existing Space & Defense business group. The addition of Unicircuit, Inc. further strengthens Anaren's strategy of being a leading designer and manufacturer of active microwave integrated assemblies to the space and defense markets.
Anaren, Inc. engages in the design, development, and manufacture of microwave and radio frequency components, assemblies, and subsystems that receive, process, and transmit radar, wireless communications, and other wireless signals and microwave transmissions.
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