Published on: January 17, 2023
A strategic advance in next-generation wireless
CML has today announced the agreement to acquire, for up to $18m, Microwave Technology Inc (MwT), marking a major step in CML’s strategic drive in next-generation wireless technologies. The deal brings technologies, skills and products, along with market access within the US – and there also will be opportunities for CML to drive MwT’s products internationally. Management expects it to be earnings enhancing in the first full year after completion. The deal is subject to regulatory approval and we are not revising forecasts yet, but we regard it as a significant move for CML.