Monday, February 14, 2011
AML Communications Acquired by Anaren
Camarillo-based AML Communications, a developer of microwave amplifiers and integrated assemblies for defense electronics applications, has been acquired by Anaren, Anaren said Monday. The deal was worth approximately $29.3M, with an enterprise value of approximately $22.6M. According to Anaren, AML will become a wholy owned subsidiary of the company, within its Space & Defense Group. AML was advised by C.K. Cooper & Company in the deal. Anaren said it is paying $2.15 per share for AML, which trades on the OTCBB as AMLJ.