Summary
- Qorvo has announced the acquisition of Cavendish Kinetics for an undisclosed sum.
- Cavendish has developed a number of RF MEMS technologies, and Qorvo has been a lead strategic investor since 2015.
- Integration risk should be minimal as QRVO seeks to bolster its RF MEMS offerings and scale manufacturing capabilities across multiple verticals.
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Quick Take
Qorvo (NASDAQ:QRVO) announced it has acquired Cavendish Kinetics for an undisclosed amount.
Cavendish Kinetics provides Radio Frequency [RF] MEMS technology for antenna tuning applications.
QRVO acquired CK as it seeks to enhance its RF MEMS technologies across several industry verticals.
Target Company
San Jose, California-based Cavendish Kinetics was founded in 1994 to provide tunable components for RF circuits for use in wireless devices such as cellular handsets, laptops, netbooks, tablets, as well as other wireless devices.
Management is headed by President and CEO Paul Dal Santo, who has been with the firm since 2010 and was previously Chief Operating Officer at Silicon Image.
Cavendish’s primary offerings include:
- RF MEMS SmarTuners
- RF MEMS SmartSwitches
- RF MEMS TransferSwitches
Source: Company website
Investors have invested at least $68.5 million in the company and include Qualcomm (QCOM), Intel (INTC), TriQuint Semiconductor, Wellington Partners, Wallwood Ventures Capital, Clarium Capital, and Celtic House Venture Partners. Source: Crunchbase
