Mobix Labs completes RaGE Systems acquisition
Management believes that this acquisition will be accretive, increasing revenue & earnings while accelerating product development and innovation.
Mobix Labs, a fabless semiconductor company developing disruptive connectivity solutions that span from wired to next-generation wireless solutions, has completed its acquisition of RaGE Systems, Inc., a leader in radio frequency joint design and manufacturing services based in Massachusetts.
“Completing the RaGE Systems transaction is another key milestone in our growth and again affirms the strength of our global acquisition strategy. We believe that this strategic acquisition will increase Mobix Labs’ revenue and earnings, while broadening our market presence”
RaGE Systems specializes in developing products for 5G communications, mmWave imaging, and Software Defined Radio systems targeting commercial, industrial, defense, and aerospace sectors. The RaGE Systems team is recognized for their groundbreaking technology, robust customer support, and cost-effective manufacturing & test capabilities, contributing to their steady growth.
“We are excited to further our collaboration with the RaGE Systems team on developing breakthrough wireless communications systems and integrated circuits. We believe the acquisition will spur increased innovation, extend our customer base, broaden the markets we serve, and accelerate our ability to extend our industry-leading technology portfolio. This will increase the pace of developing additional next-generation wireless products for our customers,” said Fabian Battaglia, CEO of Mobix Labs.
Russell Cyr, CEO of RaGE Systems, commented, “The acquisition by Mobix Labs is a key step in our growth and support for all our customers. The management team at Mobix Labs and their Board of Directors bring a mature, world-class leadership team that RaGE Systems can lean upon in our future endeavors. We look forward to expanding our existing customers and products and leveraging the IP and technology across the entire Mobix Labs portfolio of product lines.”
“Completing the RaGE Systems transaction is another key milestone in our growth and again affirms the strength of our global acquisition strategy. We believe that this strategic acquisition will increase Mobix Labs’ revenue and earnings, while broadening our market presence,” said Keyvan Samini, President and CFO of Mobix Labs.
