TSI was founded in 1974 to provide the US department of defense (DoD) and its OEM contractors with a source for reliable custom hybrids and other special products used in mature, long-life defense and aerospace programs.
TSI’s revenue in the last 12 months totaled $1.2 million and the company was profitable. Total consideration for TSI was $2 million in cash, which includes the company’s cash position of approximately $0.6 million. Microsemi sees the acquisition as immediately accretive.
James Peterson, president and CEO of Microsemi, said: We believe there are several synergistic opportunities that will result from the acquisition of TSI. We expect to utilize TSI’s advanced packaging and substrate technologies to develop high-margin and high-ASP ICs, modules and subsystems for radio frequency, microwave and millimeter wave applications.
