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Published on: October 2, 2023

Executing to plan

CML has today announced the completion of its acquisition of Microwave Technology Inc (MwT), following the receipt last week of US Government regulatory clearance. This is an important step forward for CML’s strategic drive in next-generation wireless technologies. MwT provides exciting skills and products in GaAs and GaN based MMICs, discrete devices and hybrid amplifier products, which all fit well with CML’s product ambitions. Furthermore, the transaction improves CML’s position in the US and provides global market access for MwT and its products. The wait since the initial transaction announcement in January (see our note) has been a frustration, but it is certainly a price worth paying for the gains that could accrue.

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