RF Monolithics adds wireless capabilities with 2 acquisitions

RF Monolithics Inc. (RFM) made two wireless company acquisitions—Cirronet Inc., a wireless data communications and networking company, and Caver-Morehead Systems Inc., a computerized maintenance management systems vendor. Both are privately held companies. The move is said to give RFM a suite of hardware, protocols, software, and related services to allow users to implement and deploy val...

By Staff October 1, 2006

RF Monolithics Inc. (RFM) made two wireless company acquisitions—Cirronet Inc., a wireless data communications and networking company, and Caver-Morehead Systems Inc., a computerized maintenance management systems vendor. Both are privately held companies. The move is said to give RFM a suite of hardware, protocols, software, and related services to allow users to implement and deploy value-added applications and smart services in their operations.

The Cirronet acquisition is valued at roughly $24 million in cash and stock, including approximately $4.8 million subject to the attainment of performance goals after closing. The Caver-Morehead deal is valued at about $4 million, all cash including up to $2 million subject to earn out. RFM expects the two acquisitions to contribute $14 to $16 million in combined sales during the next fiscal year.

www.rfm.com