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Stratos Lightwave to acquire RFIC manufacturer

Posted: 04 Jul 2003 ?? ?Print Version ?Bookmark and Share

Keywords:Stratos Lightwave? optical subsystems? optical components? RF? microwave interconnect?

Stratos Lightwave Inc., a supplier of optical subsystems and optical components, has entered into a definitive agreement to acquire Sterling Holding Co. Sterling is a privately-held company that designs and manufactures RF and microwave interconnect products via its two operating units, Trompeter Electronics and Semflex.

Under the terms of the agreement, Stratos has agreed to acquire Sterling Holding and Sterling will become a wholly owned subsidiary of Stratos. The transaction is expected to close in Stratos' third fiscal quarter 2004 and is intended to qualify as a tax-free reorganization.

"The acquisition of Sterling and its brands in the RF and microwave markets, Trompeter and Semflex, complement our active and passive optical subsystems business and bolster our presence in attractive growth markets," Jim McGinley, CEO of Stratos remarked. "We expect the combination of Stratos and Sterling to allow the combined company to aggregate its core optical and RF capabilities to better serve both companies' existing customers and expand their presence in new markets with new customers."

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