RFMW, a world-renown specialized distributor of RF and microwave products, announced the intention to acquire MRC Gigacomp (MRCG) and MRC Components (MRCC) in Germany. Both MRCG and MRCC represent and distribute industry-leading manufacturers of RF, microwave, millimeter-wave components, in Germany, Austria, Switzerland, and Benelux.
What does the acquisition mean for RFMW?
The acquisition agreement fortifies RFMW’s international presence, with a very impressive footprint across Europe, and it enhances their prominent position as a highly skilled, experienced and technical, sales and marketing organization. Consummation of the deal is subject to merger clearance approval, and is expected to close on 31st March 2023.
Commenting on the acquisition deal, Mike Carroll, Vice President of Global Sales at RFMW, said, “We appreciate MRC’s closely aligned mission and philosophy with RFMW’s.”
“MRC’s excellent customer relationships and European coverage will further enhance RFMW’s international footprint and strengthen our line card. We are confident that our customers and suppliers will benefit from the acquisition, and we look forward to working with the team.”
Ben Skipper, Finance Director of the Exponential Technology Group, adds, “We are delighted to welcome the MRC group to the XTG family. As we continue to expand our global portfolio, the addition of MRC will help further cement RFMW’s position as the premier technical distributor of RF & Microwave semiconductors, connectors, and components in Europe.”
What does the acquisition mean for MRCG and MRCC?
“We are excited about this agreement. RFMW’s products align with our focus and client base. We are particularly excited to become a part of the RFMW family and we look forward to working with our new colleagues,” said Frank Lauber, Managing Director of MRC Gigacomp.
Commenting on the acquisition transaction, James Millsap, Managing Director of MRC Components, said, “We are confident that RFMW’s partnership with the MRC Organization will enhance our ability to provide customers with best-in-class solutions and support.”