Microsemi completes acquisition of AML Communications

IRVINE, USA: Microsemi Corp. announced that its acquisition of AML Communications Inc. closed on Friday, May 27, 2011.

"We are pleased to move forward with AML's contribution to the Microsemi family," stated James J. Peterson, Microsemi president and CEO. "RF components are increasingly important in today's defense programs and Unmanned Aerial Vehicle (UAV) systems and this acquisition brings scale and complementary technology to Microsemi's fast-growing RF component and subsystems product offering. As we execute on the integration of AML, we expect to deliver ever more advanced RF solutions to our customers, increase our sellable available market, and drive shareholder returns."

The financial contribution from AML for Microsemi's fiscal third quarter is uncertain at this time but will be immaterial to results. As a reminder, in its fiscal second quarter earnings conference call, the company forecast sequential revenue growth on the order of 3-5 percent, excluding the effect of any pending acquisition.