For Immediate Release
Mega Industries LLC (MEGA), a Gorham, Maine based provider of microwave waveguide and coax components and systems to the scientific, military and commercial markets worldwide announces the acquisition of New Hampshire based Micro Communications, Inc (MCi).
Based out of Merrimack, NH, MCi engineers and manufactures microwave and radio frequency components focused on the broadcast and scientific markets. MCi was formerly a subsidiary of Rymsa RF, based in Madrid Spain and part of the Tryo Technologies Group (Tryo).
The Significance of the Acquisition
The deal expands MEGA’s engineering and production capabilities and diversifies MEGA’s product offering by allowing the company to expand into the broadcast industry leveraging MCi’s role as a leader and innovator in the industry.
The acquisition of MCi follows MEGA’s March 2014 acquisition of Wireless Telecom Group’s Microlab/FXR waveguide dummy load product line and strengthensits role as a global leader in the engineering and manufacturing of microwave transmission equipment for large scale scientific experiments, the military and aviation high energy.
Peter V. Anania, Chairman of Anania & Asscoiates Investment Company LLC (AAI), the firm that owns MEGA comments on the acquisition, “This deal follows on the heels of an earlier purchase of the Microlab/FXR product line and will bring together two leaders in RF microwave transmission and waveguide product solutions. Both of these acquisitions represent the execution of a very aggressive growth strategy that we have set for MEGA Industries. The growth prospects for MEGA Industries are bright including more acquisitions in the near future”
Details on the Acquisition
Anania & Associates brokered the deal which gives Tryo a minority share in MEGA for a stock swap plus an undisclosed amount of cash.
Further Synergies as a Result of the Acquisition
As a result of the acquisition MEGA will have one of broadest range of products within the high power waveguide space of flexible and rigid waveguides with sizes from WR52 to WR2300. The expanded offering will include Channel combiners, Coax lines, Lowpass and bandpass filters, Power combiners and a full line of Switches and loads.
As part of this agreement, Rymsa RF/Tryo Technologies and Mega/MCI will continue to work together as a strategic alliance to identify other global opportunities of mutual value including defense and space, adding to Mega’s already strong base.
About Anania & Associates Investment Company LLC
Anania & Associates Investment Company LLC is an investment firm that invests in small well-managed businesses. Founded in 2008, Anania & Associates Investment Company LLC has a strong record of sustained growth, going back to its first investment in 1996 under fund manager Anania & Associates. AAI has eight portfolio companies: Biovation II LLC, Grow-Tech LLC, Lighthouse Imaging LLC, MEGA Industries LLC, mWAVE Industries LLC, Synergistic Software Solutions LLC & TrakTec LLC.