AmpliTech Group Acquires Spectrum Semiconductor Materials
December 16, 2021
AmpliTech Group, Inc. (NASDAQ: AMPG) has executed a definitive agreement to acquire the assets and operations of Spectrum Semiconductor Materials, Inc., a San Jose–based authorized distributor of semiconductor components. The deal (approximately $8.0M cash plus $1.5M escrow and restricted shares) nearly triples AmpliTech's revenue base, adds a global distribution platform and a record combined order backlog of $11.4M, and is intended to accelerate commercialization of AmpliTech's MMIC chip solutions.
- Buyers
- AmpliTech Group, Inc.
- Targets
- Spectrum Semiconductor Materials, Inc.
- Sellers
- Spectrum Semiconductor Materials, Inc.
- Industry
- Logistics & Distribution
- Location
- California, United States
- Transaction Type
- Buyout
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