CA-based RF semiconductor and multi-chip modules developer W J Communications is to acquire the wireless infrastructure business of EiC Corporation, a developer of proprietary radio frequency integrated circuits.
EiC presently markets and sells a portfolio of power amplifier products for wireless communications products such as cellular, PHS and PAS base stations, repeaters, wireless LAN’s, cable television, and optical networks.
Under the terms of the agreement, W J Communications will pay approximately $12.5 million in cash and stock for the assets being acquired from of EiC.
Additionally, if the EiC operations achieve certain revenue and margin targets over a 24 month period, EiC will receive further compensation of up to $14 million in a combination of stock and cash.
The acquisition of EiC is subject to customary closing conditions and is expected to close within 30 days.