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©dirk-ercken-dreamstime.com Electronics Production | May 08, 2012

Fox Electronics sold, jobs likely to stay

Integrated Device Technology has acquired Florida based Fox Electronics, a global supplier of frequency control products (FCPs), in an all-cash transaction for approximately 30 million USD.

Fox Electronics’ revenue was approximately $23 million in calendar year 2011. Fox CEO Gene Trefethen told the local media that the company's 55 employees are likely to keep their job, saying Integrated Device Technology's signing a five-year lease on the Fox Electronics building is evidence of the company's intent. ----- Source:news-press.com
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December 03 2019 10:29 pm V14.8.2-2