AVX has entered the antenna market following its acquisition of Ethertronics, a privately held manufacturer of passive and active antenna systems. AVX will acquire Ethertronics for $142m in cash and assumption of $8m of net debt. The transaction is subject to regulatory approvals.
John Sarvis (pictured), President and Chief Executive Officer of AVX, stated, “The addition of Ethertronics is an exciting opportunity for AVX as we expand our extensive electronic product offering into a new arena. Ethertronics is a premier brand that we are proud to add to the AVX family. The combination of AVX and Ethertronics offers exciting growth potential for the years ahead.”
Ethertronics designs, manufactures and markets passive and active IMD antenna systems. IMD antennas are highly efficient antennas that are insensitive to changes in ground planes or local interference.
The design allows flexibility to tune for multiple frequencies in confined spaces and for active tuning for radiation pattern coverage as well as frequency.
Ethertronics supplies patented passive and active tunable antennas for virtually all wireless connectivity applications and, with technologies such as integrated LDS structures, Ethertronics is a major supplier of cellphone and laptop antenna systems.
With over 200 patents, Ethertronics operates facilities in 6 locations located in China, South Korea, Vietnam, France, Taiwan, and the USA, comprising R&D, manufacturing and sales office locations.
In the financial year ended December 31, 2017, Ethertronics generated approximately $90 million of revenue. Ethertronics employs approximately 700 people, 120 of whom are in product development, reflecting a strong R&D focus.