Communications & Power Industries (CPI) has successfully completed the purchase of TMD Holdings Limited and its subsidiaries, including TMD Technologies Limited and TMD Technologies, LLC (together, TMD).
Consisting of approximately 170 employees in facilities in the United Kingdom and the United States, TMD is a designer and manufacturer of technologically advanced microwave, radiofrequency and high voltage equipment for radar, electronic warfare, communications, medical, EMC testing and scientific applications. CPI is a global manufacturer of electronic components and subsystems serving customers in the communications, defence, medical, industrial and scientific markets.
CPI says TMD brings new products and technological capabilities to its portfolio of electronic components and subsystems focused primarily on the defence and communications markets. This includes its travelling wave tubes (TWTs), TWT amplifiers, transmitters, microwave power modules, high voltage power supplies, and other microwave devices and amplifiers.
“TMD has a well-earned global reputation for high-reliability transmitters and microwave devices, in particular state-of-the-art microwave power modules and TWT amplifiers. We have long been impressed by the quality of TMD’s people and technology.
“Adding TMD’s proven products to CPI’s Electron Device Business will provide a TMD with a prosperous, long-term home for their business and will enable the companies to offer customers broader capabilities and more comprehensive solutions for radar, electronic warfare, communications, EMC testing and related applications”, said Andy Ivers, president and chief operating officer of CPI.
The newly acquired business will be owned and operated as a subsidiary of CPI and will be part of CPI’s Electron Device Business, which focuses on components used in the generation, amplification, transmission and reception of microwave signals. TMD’s leadership team will remain with the business and report to Todd Treado, president of CPI’s Electron Device Business.
“Having worked in close partnership with them on a number of key programs, we have come to strongly appreciate CPI’s approach to customer service, reliability and innovation. We see these as an excellent fit to the culture at TMD, which is based on the same values.
“The TMD team looks forward to our next chapter, growing the business within CPI and continuing to be the best partner to our customers for innovative and reliable radio frequency and high voltage power solutions”, said Dave Brown, who leads the TMD operations.
CPI consists of Communications & Power Industries LLC, headquartered in Palo Alto, California, and Communications & Power Industries Canada Inc., located in Ontario, Canada. The transaction was funded using CPI’s existing cash balance and the financial terms of the acquisition are not being disclosed.
You can find more information about Communications & Power Industries’ acquisition of TMD Technologies on its website.
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