[Satellite Today 07-16-08] Microsemi Corp., a manufacturer of analog and mixed signal integrated circuits and semiconductors, has acquired Semicoa, a provider of semiconductors and smart munitions optoelectronics for the military and satellite markets, Microsemi announced July 16.
    Microsemi, located in Irvine, Calif., paid about $25 million in cash for substantially all of the assets of Semicoa, which is based in Costa Mesa, Calif.
    “Semicoa is one of the leading private players in the high-reliability marketplace, which makes this one of the most exciting and profitable acquisitions we have made in this area," James Peterson, president and CEO of Microsemi, said in a statement. "Not only is the acquisition accretive, but it also offers considerable long term synergies as we consolidate Semicoa’s current operations. In recent years, Semicoa has been rapidly expanding its capacity to meet strong end-market demand, and we fully expect to benefit from this investment as we consolidate its front-end and back-end equipment and operations into our Lawrence and Ireland facilities, thus increasing capacity while benefiting from our operational advantages."