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Electronics Production | October 04, 2010

Microelectronics Technology to acquire RadioComp ApS

Microelectronics Technology has signed equity and intellectual property purchase agreements with the Danish company RadioComp ApS.

Both Boards have approved the agreements, whereby Microelectronics acquires RadioComp’s equity and intellectual property for a total of USD 11.53 million. RadioComp will be held as a 100% subsidiary. With the acquisition of RadioComp, Microelectronics intends to combine its hardware and software R&D capabilities and will actively develop its 4G market. The acquisition will further establish a unique position for Microelectronics within European markets by introducing a European base of operations.
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