[amsat-bb] US Antenna Maker Cushcraft Sold

[Trevor]

David M0ZLB spotted the following item regarding the purchase of Cushcraft, the
well known US makers of Amateur Radio HF VHF and UHF antennas, by the United
Kingdom based Laird Group PLC. 

The company produce a range of VHF and UHF yagis used by many Amateur Satellite
operators.

A press release quotes Martin Rapp, CEO of Laird Technologies as saying “The
combination of the two companies uniquely positions Laird Technologies to
grow the combined business in emerging markets of RFID and WiMax.” There is no
mention in the statement of plans for the Amateur Radio Antenna division.

From:
http://www.bizjournals.com/masshightech/stories/2007/02/26/daily14.html?surround=lfn

Mass High Tech: The Journal of New England Technology - 10:40 AM EST Tuesday,
February 27, 2007

N.H. antenna maker Cushcraft sold for $89M 

Waltham's Polaris Venture Partners reports that Manchester, N.H.-based
Cushcraft Corp. has been acquired for $89.75 million by the United
Kingdom-based Laird Group PLC, an electronics, security systems and
distribution group. 

The Cushcraft business and its management will be integrated with St.
Louis-based Laird Technologies, company officials said. 

Cushcraft, which operates facilities in San Diego and Bluffdale, Utah, is a
supplier of antenna products for the wireless networking and communication
industry. 

Polaris officials said the firm took a majority interest in Cushcraft in
September 2003. The sale is the second portfolio company exit in a month for
Polaris. It follows the recent acquisition of Waltham's Archivas Inc. by
Hitachi Data Systems Corp., a division of Hitachi Ltd., for $120 million. 

Cushcraft Corporation 
http://www.cushcraft.com/ 

Laird Group PLC 
http://www.laird-plc.com/ 

Laird Technologies 
http://www.lairdtech.com/ 

Laird Technologies Acquires Cushcraft 
http://www.lairdtech.com/downloads/cushcraftexternalannouncement.pdf 

73 Trevor M5AKA
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