Mobix Labs Acquires RaGE Systems
May 9, 2024
Mobix Labs, Inc. (Nasdaq: MOBX) signed a definitive agreement to acquire RaGE Systems, Inc., a Massachusetts-based radio frequency design and contract manufacturing firm, in a deal consisting of approximately $2.0M cash, $10.0M in stock and up to $8.0M in potential earn-outs. The acquisition is intended to expand Mobix Labs' RF and mmWave design and manufacturing capabilities, accelerate product development for 5G/mmWave and related markets, and immediately contribute to revenue and EPS; the deal is expected to close in May 2024.
- Buyers
- Mobix Labs, Inc.
- Targets
- RaGE Systems, Inc.
- Industry
- Manufacturing
- Location
- Massachusetts, United States
- Transaction Type
- Buyout
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