RFMW Expands European Presence With Acquisition
RFMW, a specialized distributor of RF and microwave products, today announced the intention to acquire MRC Gigacomp (MRCG) and MRC Components (MRCC) in Germany. Both MRCG and MRCC represent and distribute industry-leading manufacturers of RF, microwave, millimeter-wave components, in Germany, Austria, Switzerland, and Benelux. The agreement fortifies RFMW’s international presence, with a very impressive footprint across Europe, and it enhances their prominent position as a highly skilled, experienced and technical, sales and marketing organization.
Consummation of the transaction is subject to merger clearance approval, and is expected to close on 31st March 2023.
“We are excited about this agreement with RFMW,” comments Frank Lauber, managing director of MRC Gigacomp. “RFMW’s products directly align with our focus and customer base. We are particularly excited to become a part of the RFMW family and we look forward to working with our new global colleagues.”
"We are confident that RFMW’s partnership with the MRC Organization will enhance our ability to provide customers with best-in-class solutions and support,” says James Millsap, managing director of MRC Components.
“We appreciate MRC’s closely aligned mission and philosophy with RFMW’s,” states Mike Carroll, vice president of global sales at RFMW. “MRC’s excellent customer relationships and European coverage will further enhance RFMW’s international footprint and strengthen our line card. We are confident that our customers and suppliers will benefit from the acquisition, and we look forward to working with the team.”
Ben Skipper, finance director of the Exponential Technology Group, adds, “We are delighted to welcome the MRC group to the XTG family. As we continue to expand our global portfolio, the addition of MRC will help further cement RFMW’s position as the premier technical distributor of RF & Microwave semiconductors, connectors, and components in Europe.”
About MRC
Since 1997 MRC Components and MRC Gigacomp have provided expert-level technical support and logistics management in the RF, MW and power components industry. MRC represents and distributes world-leading manufacturers of RF, microwave, and magnetic power components efficiently, economically, and professionally to meet our customer needs.
Advisors
RFMW was advised by Dr. Jörg Schwichtenberg (Honert München PartG mbB) and Peter Harper (Eversheds – Sutherland).
The shareholders and management of MRC was advised by Dr Thomas Wächter (Werz Kreis PartG mbB) and Matthias Mennel-Klingspor ({mnz} consulting m&a advisory).
About RFMW
RFMW is a specialty electronics distribution company focused exclusively on serving customers that require RF and microwave components and semiconductors, as well as component engineering support. The company continues to expand its list of products from selective suppliers with RF/microwave expertise. RFMW deploys a highly experienced, technically skilled team to assist customers with component selection and fulfillment. Acquired by TTI, Inc. in 2018, RFMW joins the Exponential Technology Group (XTG), a collection of electronic component distributors and design engineering firms that collaborate to enable the development of modern technologies. XTG is a subsidiary of TTI Inc.’s Family of Specialists: TTI, Inc., Mouser Electronics, and Sager Electronics.
To learn more about RFMW, visit their Website at www.rfmw.com, or call us at 1.877.FOR.RFMW (367-7369), or via e-mail at info@rfmw.com.
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230306005870/en/
Contact information
For more information concerning this press release contact:
Mike Carroll
Vice President Global Sales
RFMW, Ltd.
+447958296577
Toll Free - 877 FOR RFMW (367 7369)
info@rfmw.com
http://www.RFMW.com
About Business Wire
Business Wire(c) 2018 Business Wire, Inc., All rights reserved.
Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Takeda Receives Positive CHMP Opinion for Fruquintinib in Previously Treated Metastatic Colorectal Cancer26.4.2024 14:30:00 CEST | Press release
Takeda (TSE:4502/NYSE:TAK) today announced that the European Medicines Agency’s (EMA) Committee for Medicinal Products for Human Use (CHMP) has recommended the approval of fruquintinib, a selective inhibitor of vascular endothelial growth factor receptors (VEGFR) -1, -2 and -3 for the treatment of adult patients with previously treated metastatic colorectal cancer (mCRC). The European Commission (EC) will consider the CHMP positive opinion when determining the potential marketing authorization for fruquintinib for mCRC throughout the European Union (EU), Norway, Liechtenstein and Iceland. If approved, fruquintinib will be the first and only selective inhibitor of all three VEGF receptors approved in the EU for previously treated mCRC.1,2 “People living with metastatic colorectal cancer in the European Union currently have limited treatment options, which can lead to poor outcomes. With this positive opinion for fruquintinib, we are one step closer to potentially offering patients a new
MEDIA ALERT: Wolters Kluwer expert comments on European Parliament vote to pass amendment implementing Basel III reforms26.4.2024 14:00:00 CEST | Press release
The European financial landscape saw a milestone event this week, as the EU Parliament passed the Amendment to Regulation (EU) No 575/2013, implementing the Basel III finalization within Europe. This monumental step forward comes with the adoption of the Capital Requirements Regulation (CRR3) amendments, which are part of a broader legislative package, including amendments to Directive 2013/36/EU, known as the Capital Requirements Directive or CRD. Jeroen Van Doorsselaere, Vice President of Global Product & Platform Management, Wolters Kluwer FRR, said: “The adoption of the Capital Requirements Regulation (CRR3) amendments represents a landmark change for the banking industry, designed to strengthen the framework for risk-based capital requirements and address ESG risks. “This is a major overhaul of the capital requirements framework, impacting various aspects, including credit risk, operational risk, market risk, and the capital floor. Whereas other significant jurisdictions, includin
IonQ Unanimously Appoints Peter Chapman as Next Chairman of the Board of Directors26.4.2024 13:30:00 CEST | Press release
IonQ (NYSE: IONQ), a leader in the quantum computing industry, announced today the appointment of Peter Chapman as its next Chairman of the Board and Harry You as the Lead Independent Director of the Board, effective at the close of IonQ’s upcoming Annual General Meeting on June 5, 2024. Both appointments were disclosed in a proxy statement issued on April 25, 2024. Peter Chapman has also been nominated for re-election as a Class III director at the meeting, and his chairmanship will take effect assuming he is re-elected. “Last quarter we were delighted to have appointed Robert Cardillo and Bill Scannell to our Board of Directors. In addition, the Board unanimously appointed Peter Chapman to serve as its next Chairman following the annual meeting given his half-decade worth of contributions to IonQ and his strong progress transitioning IonQ from an academic to a commercial company,” said Niccolo de Masi, Chairman of the Nominating & Corporate Governance Committee of IonQ’s Board. “Unde
Sealing System launches: XIO – Intelligent Farming26.4.2024 12:17:00 CEST | Press release
XIO – Intelligent Farming, specializes in logistics systems for insect protein production. XIO is a new business unit within Sealing System A/S, one of the leading providers of automated end-of-line packaging lines in Scandinavia. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240426832303/en/ Robotic solution handling Black Soldier Fly Larvae (Photo: Business Wire) “At Sealing System A/S, we believe that practical innovation is the engine of real-world change. With the establishment of, XIO - Intelligent Farming, we are setting new industry standards, emphasizing the importance of intralogistics in the field of insect protein production, and proudly leading the way.” Ole Jensen CEO, Sealing System A/S XIO – Intelligent Farming provides solutions serving various aspects of the insect production, including fully automatic logistics systems, comprehensive data tracking, transfer trolleys and shuttles, as well as robot systems
Tecnotree Achieves Strong Q1 2024 Results with Sustained Revenue Growth and Enhanced Profitability26.4.2024 10:46:00 CEST | Press release
Tecnotree, a global digital platform and services leader for AI, 5G, and cloud-native technologies, today announced its financial results for the first quarter of 2024, demonstrating solid growth with a 4.7% increase in revenue. The company maintained its momentum in driving global sales of its digital platform, in the first quarter of 2024, completing many AIML and digital transformations to key customers, resulting in a significant increase in revenue. The growth was primarily driven by new wins in the LATAM region, while EMEA and APAC regions remain growing markets for the digital platform. Key Q1 Highlights of the financial results: Net sales increased 4.7% to EUR 16.3 (15.5) million. Operating results increased by 22.3% to EUR 4.4 (3.6) million. Earnings per share EUR 0.01 (0.01). Order book at the end of the period increased by 10.3% to EUR 74.8 (67.8) million. Tecnotree achieved several notable milestones in the first quarter. The company solidified its position as a trusted par