SouthEast ID, LLC manufactures and sells ID cards and accessories.
Tag Archives: Hardware and Systems
International Business Machines Corporation (NYSE:IBM) acquired Ustream, Inc.
Ustream, Inc. provides live and on-demand video solutions.
Certified Power Inc. acquired Cirus Controls
Cirus Controls, LLC designs, engineers, manufactures, installs, and maintains hydraulics, controls, telematics, and related accessories for winter maintenance equipment and the snow removal industry.
OpenGate Capital, LLC acquired Power Partners, Inc.
Power Partners, Inc. manufactures overhead distribution transformers.
II-VI Incorporated (NasdaqGS:IIVI) signed a merger agreement to acquire EpiWorks, Inc. from Leo Capital Holdings, LLC, Open Prairie Ventures I, L.P., managed by Open Prairie Ventures and others for $49 million in cash on January 18, 2016. The consideration includes $43 million to be paid in cash at closing and an additional $6 million in potential earn-out payments over the next three years, subject to certain adjustments. The transaction will be financed from available cash and borrowings under II-VI credit facility. EpiWorks will continue to operate as a separate, but wholly-owned division of II-VI, named ?II-VI EpiWorks?. EpiWorks had revenue of approximately $14 million in 2015.David Ahmari will remain responsible for EpiWorks? sales, marketing and technology. Chief Executive Officer, Quesnell Hartmann will continue on as the General Manager of the EpiWorks business unit. The transaction is subject to the shareholders approval of EpiWorks and the holders of EpiWorks shares representing 83% of the votes entitled to be cast have signed support agreements to vote in favor of the transaction. The transaction is expected to close by the end of January, 2016. II-VI expects the transaction to be accretive to continuing operations beginning in the second half of calendar 2017. For the quarters preceding that, the transaction is expected to be dilutive.
EpiWorks, Inc. develops and manufactures compound semiconductor epitaxial wafers.
II-VI Incorporated (NasdaqGS:IIVI) entered into an Agreement and Plan of Merger to acquire Anadigics, Inc. (NasdaqCM:ANAD)
ANADIGICS, Inc. designs, manufactures, and sells radio frequency (RF) semiconductor solutions for infrastructure and mobile communications, and data transmission markets.
Bourns, Inc. acquired specified assets of the trimming potentiometer business of Murata Manufacturing Co., Ltd. (TSE:6981)
Murata Manufacturing Co., Ltd., Trimming Potentiometer Business comprises trimming potentiometer manufacturing business.
SOLiD GEAR Inc. signed a contract to acquire Reach Holdings LLC.
Reach Holdings LLC, doing business as SOLiD Technologies, designs and manufactures radio frequency (RF) amplifiers, RF radios, and optical transport solutions.
Rigado LLC acquired Rivetry, LLC in stock.
Rivetry, LLC operates as an Internet of Things focused product development company.
xG Technology, Inc. (NasdaqCM:XGTI) entered into a binding letter of agreement to acquire substantially all the assets of Integrated Microwave Technologies, LLC from Skyview Capital LLC.
Integrated Microwave Technologies, LLC manufactures advanced digital microwave video systems.