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Sirenza completes acquisition of ISG Broadband

Posted: 22 Dec 2004 ?? ?Print Version ?Bookmark and Share

Keywords:rf gateway module? isg broadband? amplifier?

Sirenza Microdevices Inc. has completed the acquisition of ISG Broadband Inc. (ISG), a subsidiary of California Eastern Laboratories (CEL), a designer of RF gateway module and IC products. ISG will be integrated into Sirenza's amplifier division and relocated to Sirenza's Sunnyvale facility.

"With the completion of the acquisition of ISG Broadband we take an important step toward diversifying our end markets and strengthening our world-class, RF core competencies," stated Robert Van Buskirk, president and CEO of Sirenza.

"We currently expect that ISG will expand our 2005 sales by 10 percent to 15 percent beyond our earlier guidance of 15 percent to 20 percent sales growth in 2005. We also expect the acquisition to be accretive to earnings both on a GAAP and a management-adjusted basis. The synergies created by this acquisition should position us as a stronger, more competitive company and enable us to better serve our global customer base as we continue to build shareholder value."

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