TriQuint Agrees To Acquire WJ Communications

March 12, 2008
TriQuint Semiconductor and WJ Communications have entered into a definitive agreement for TriQuint to acquire WJ Communications. Under the terms of the agreement, TriQuint will acquire by merger all outstanding shares of WJ Communications for $1.00 (USD) ...

TriQuint Semiconductor and WJ Communications have entered into a definitive agreement for TriQuint to acquire WJ Communications. Under the terms of the agreement, TriQuint will acquire by merger all outstanding shares of WJ Communications for $1.00 (USD) per share, which implies a purchase price of about $72 million. The acquisition is expected to be neutral to TriQuint's earnings during fiscal 2008 and accretive thereafter. The agreement has already been approved by the board of directors of both companies and is expected to close within about three months. Both companies bring strengths for their integrated-circuit (IC) and module products in different market segments, with TriQuint strong in handset and infrastructure applications in mobile communications and Global Positioning System (GPS) receivers while WJ Communications enjoys robust markets in cable-television (CATV), radio-frequency-identification (RFID), and wireless and cable broadband infrastructure systems.

According to Ralph Quinsey, chief executive officer (CEO) of TriQuint Semiconductor, WJ's solid reputation in these market areas is a wonderful complement to TriQuint's strengths in design, manufacturing, and customer support. WJ's technical expertise combined with the financial strength and stability of TriQuint will provide both innovative products and security of supply to the networks infrastructure customer base." Upon closing, it is anticipated that Bruce Diamond, the CEO of WJ Communications, will continue with the combined organization.

About the Author

Jack Browne | Technical Contributor

Jack Browne, Technical Contributor, has worked in technical publishing for over 30 years. He managed the content and production of three technical journals while at the American Institute of Physics, including Medical Physics and the Journal of Vacuum Science & Technology. He has been a Publisher and Editor for Penton Media, started the firm’s Wireless Symposium & Exhibition trade show in 1993, and currently serves as Technical Contributor for that company's Microwaves & RF magazine. Browne, who holds a BS in Mathematics from City College of New York and BA degrees in English and Philosophy from Fordham University, is a member of the IEEE.

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