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Micronetics to merge with RF component supplier

Posted: 09 Jan 2002 ?? ?Print Version ?Bookmark and Share

Keywords:micronetics wireless? micronetics wireless? rf/microwave?

Micronetics Wireless Inc., a designer and manufacturer of test equipment and components, has entered into a merger agreement with Enon Microwave Inc. The proposed transaction is subject to certain contingencies and is expected to be completed before the end of March 31, 2002. Enon manufactures RF/microwave high-power solid-state switches, limiters, phase shifters and attenuators that are used in commercial, aerospace and defense market applications. These products are expected to complement those of Micronetics' RF/Microwave Components and Subassemblies Division.

Richard Kalin, president of Micronetics, stated, "The proposed merger with Enon is in support of Micronetics' strategy to expand its RF/Microwave Components and Subassemblies Division. The addition of Enon's high-power expertise will provide an important contribution to this strategy. In addition, we expect the acquisition of Enon to be accretive from inception."

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