M/A-COM Technology Solutions Holdings Receives Minority Investment from Summit Partners
M/A-COM Technology Solutions Holdings, Inc., a Lowell, Massachusetts-based supplier of semiconductors, active and passive components, and sub-assemblies for use in radio frequency, microwave and millimeter wave applications, has received a minority investment of undisclosed amount from Summit Partners.
In conjunction with the trasaction, Peter Chung, Managing Director of Summit Partners, will join M/A-COM Tech’s board of directors.
As also stated by John Ocampo, Chairman of the Board of M/A-COM Tech, the company intends to use the proceeds from the investment to invest in new products and technologies.
With offices throughout North America, Europe, Asia and Australia, M/A-COM Tech designs and manufactures products for aerospace and defense, CATV and broadcast, consumer electronics, industrial and scientific, infrastructure, and public safety applications for OEMs worldwide.