Comtech and Radyne signed a merger agreement this week, which will result in Comtech acquiring Radyne in an all-cash transaction. Both companies manufacture products used by broadcasters. Comtech is manufacturing microwave equipment for Nucomm and Radyne’s Tiernan division supplies DTV encoding, decoding and satellite equipment used by broadcasters.
Comtech’s Web site has details on the merger.
“We intend to maintain a sharp focus on our customers’ needs as we integrate Radyne’s business into Comtech,” said Myron Wagner, CEO of Radyne and Fred Kornberg, president and CEO of Comtech in a joint statement. “We plan no interruptions in any scheduled or committed rollouts from either company, and we intend to continue to support all existing Comtech and Radyne products and services. We anticipate honoring all existing agreements with customers, VARs, distributors, OEMs and other strategic partners.”
The press release announcing the merger said it would position “Comtech as a leader in the satellite earth station traveling wave tube amplifier market and expands Comtech’s existing solid-state power amplifier market product portfolio.”
