Mobix Labs, Inc. (Nasdaq: MOBX), an Irvine, CA-based semiconductor company, acquired RaGE Systems Inc., a company which specializes in radio frequency joint design and manufacturing services based in Massachusetts.
Mobix Labs is expected to complete the acquisition of RaGE in May 2024. Total consideration consisted of approximately $2 million in cash, approximately $10 million worth of Mobix Labs stock and possible earn-out payments of up to $8 million over eight fiscal quarters in a combination of cash and stock upon satisfaction of certain financial metrics.
With the acquisition, Mobix Labs will expand its offerings.
Led by CEO Russell Cyr, RaGE Systems specializes in developing products for 5G communications, mmWave imaging, and Software Defined Radio targeting commercial, industrial, and defense & aerospace sectors. The company has developed hardware, radio frequency integrated circuits, embedded firmware and software products for 2/3/4/5G RFFE and O-RAN systems, Software Defined Radio, MMW imaging and threat detection, sensor fusion and AI, micro-miniaturized electronics for smart munitions and advanced HW and FW for specialized receivers.
Led by CEO Fabian Battaglia, Mobix Labs is a semiconductor company delivering mmWave wireless solutions and delivering connectivity and filtering products for next-generation communication systems supporting the aerospace, military, and high-reliability markets.
FinSMEs
10/05/2024