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.
Location
California, United States
Transaction Type
Buyout

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