Sivers Semiconductors acquires MixComm
$22.5 million acqusition will strengthen Sivers' position in 5G, SATCOM and radar markets
Stockholm-based Sivers Semiconductors AB has completed its acquisition of MixComm Inc for $22.5 million to strengthen its position in 5G, SATCOM and radar markets for current and future high frequency mmWave products.
MixComm will be part of the Sivers Wireless business area within Sivers Semiconductors. Overall, the new expanded group is expected to create conditions for accelerated growth.
Through the merger, Sivers Wireless will increase its total number of design wins by approximately 70 percent to 44 and double the number of design wins that are expected to enter volume production within the next 12 months, from eight to 16 in total. MixComm currently has 18 design wins, including a design win with a leading Tier 1 5G infrastructure customer and a significant pipeline of potential new customer opportunities.
"It is very gratifying that we have now received regulatory approval from The Committee on Foreign Investment in the United States (CFIUS) to complete this transaction. We have seen very good progress within MixComm since we agreed the deal last October and are now looking forward to starting to deliver the very significant synergy benefits that we see from the combination," says Anders Storm, Group CEO of Sivers Semiconductors.
Founded in 2017, MixComm is headquartered in Chatham, New Jersey (USA) and has design centres in Oregon and California. It is an active US participant in 5G BFIC (repeaters / base stations), SATCOM and radar verticals.
The acquisition provides a greatly increased customer base, expanded capacity, a broad IP portfolio and a strong presence across the US, Europe and Asia.
