Sivers confirms CTS Global acquisition
Sivers IMA, a Swedish company, has confirmed its acquisition of Compound Semiconductor Technologies Global (CST Global), a maker of III-V compound semiconductor lasers based in Scotland.
Sivers IMA is fabless supplier and developer of microwave and millimeter wave products for advanced WiGig / 5G wireless and radio frequency, network applications.
Its merger with CST Global adds a foundry facility and direct fibre optic network product manufacturing capability to its portfolio. This includes leading edge optical lasers used in datacentre, cloud and the "˜fibre-to-the-subscriber' markets in China, Europe and America.
Neil Martin, CEO of CST Global, stated: "CST Global is pleased to join the Sivers IMA group. Both companies are seeing more than 45 percent growth, compared to the same period last year. We operate in complementary parts of the emerging, next generation, high subscriber network markets where we can now offer photonic, microwave and millimeter wave solutions."
