TTI is to acquire California-based RFMW. When the deal is completed, RFMW will continue to operate under the RFMW brand name, reporting through the TTI Semiconductor Group (TSG). Joel Levine will continue to serve as President of RFMW, and will report to TSG President, Michael Knight. The transaction is expected to close October 1, 2018.
It is TTI’s second acquisition in the space of a month. In July it acquired Compona of Switzerland and the company’s German subsidiary Cosy Electronics.
RFMW is a specialist RF and microwave distributor with operations in the UK, France, Germany, Italy in Europe and Israel. It also operates in Asia/Pacific out of an office in Singapore.
Suppliers include Ampleon, Qorvo, Keysight Technologies, pSemi and Delta Electronics.
Michael Knight, SVP, TTI Business Development and TSG President, said of the acquisition, “RFMW will be an important addition to the TTI Family of Companies and our semiconductor distribution group. The company culture, focus, and reputation for superior customer service and technical expertise complement TTI extremely well and are a perfect fit for our specialty distribution model. On behalf of our founder and CEO Paul Andrews, we look forward to welcoming the Specialists at RFMW to the TTI and Berkshire Hathaway family.”
“Opportunities like this are rare,” stated Joel Levine, RFMW President and a company founder. “TTI’s specialist vision aligns perfectly with RFMW and represents the best possible scenario by allowing RFMW to focus on radio frequency and microwave products and technology. Joining the TTI Family of Companies will allow RFMW to continue on our growth path and benefit our loyal employees who remain committed to the RFMW specialization strategy, world-class suppliers, and focused customer base. TTI’s investment in our future will support the next generation as we add resources, extend our reach and increase our capabilities for both suppliers and customers.”