Mobix Labs, Inc., a fabless semiconductor company known for its innovative connectivity solutions, has announced that it has signed a definitive agreement to acquire RaGE Systems Inc., a provider of radio frequency joint design and manufacturing services based in Massachusetts.
RaGE Systems specializes in developing products for 5G communications, mmWave imaging, and Software Defined Radio targeting commercial, industrial, and defense & aerospace sectors. The RaGE Systems team is recognized for their groundbreaking technology and robust customer support, contributing to their steady growth.
“RaGE Systems' expertise will greatly enhance Mobix Labs' capabilities in designing and manufacturing advanced RF and mmWave integrated circuits and systems across several markets. With this acquisition, Mobix Labs will decrease the time necessary to develop cutting-edge wireless communications and integrated circuit products for its customers, particularly in the fast-growing mmWave 5G sector," said Fabian Battaglia, CEO of Mobix Labs.
"This acquisition is poised to immediately increase Mobix Labs’ revenue and earnings per share. Acquiring RaGE is a significant step in our global expansion strategy," commented Keyvan Samini, president and CFO of Mobix Labs. "It underscores our team’s ability to effectively and rapidly pursue growth both organically and through strategic acquisitions, enabling Mobix to broaden its market presence rapidly."
"We are thrilled to become part of Mobix Labs’ innovative product family. The merger of our teams will create substantial synergies, enhancing the value we deliver to our customers," stated Russell Cyr, Co-Founder and CEO of RaGE Systems.
Mobix Labs is expected to complete the acquisition of RaGE in May 2024.
Click here to learn more about RaGE Systems.
