Synergistic Acquisition would enhance Mobix Labs' competitive strength in aerospace and defense sector
Scales operations and cash flow
IRVINE, Calif.--(BUSINESS WIRE)--Mobix Labs, Inc. (Nasdaq: MOBX) ("Mobix Labs", "Mobix" or the "Company"), a leader in advanced wireless and connectivity solutions for the military and defense sector, today announced it has submitted a compelling non-binding proposal to the Board of Directors of EMCORE Corporation (Nasdaq: EMKR) ("Emcore"), the world's largest independent provider of inertial navigation solutions to the aerospace and defense industry, to acquire all of EMCORE's outstanding shares for $3.80 per share in cash.
Mobix Labs' all cash proposed offer to the EMCORE Board represents a more than 200% premium over EMCORE's current stock price as of September 27, 2024. Based upon its 2022 and 2023 10-K filings, EMCORE's revenue in its fiscal year ending 9/30/23 grew 115% to $97 million from the prior year.
EMCORE is a leading supplier of inertial sensors and systems for land, sea, air, and space applications in the aerospace and defense market. "We believe this proposal presents an exceptional opportunity for EMCORE shareholders to realize immediate and significant value for their investment," said Fabian Battaglia, CEO of Mobix Labs. "Our recent strategic acquisitions, including EMI Solutions and RaGE Systems, have significantly strengthened our position in the military, defense, and high-reliability electronics sector," Battaglia added. "We believe integrating EMCORE's products would further accelerate our growth and innovation in critical markets."
Mobix Labs is led by seasoned industry veterans, including Board of Directors members James Peterson, former CEO and Chairman of Microsemi, and David Aldrich, former CEO and Chairman of Skyworks Solutions.
Transaction Details
Mobix Labs' proposal has the support of its Board of Directors. Mobix Labs' all cash offer is subject to the approval of the EMCORE Board of Directors, the execution of a definitive agreement between Mobix Labs and EMCORE, and any shareholder approval that may be required by law.
About Mobix Labs, Inc.
At Mobix Labs, we're committed to transforming connectivity by partnering closely with our customers to deliver advanced semiconductor and wireless systems solutions tailored to their needs. Based in Irvine, California, we specialize in four key areas; EMI Interconnect Solutions for secure aerospace and GPS systems, Active Optical Cables (AOC) for high-speed AI datacenter interconnects, 5G IC Solutions for mmWave communications, and Wireless Systems Solutions, including joint design and manufacturing services for RF technologies, serving customers in 5G, radar, and imaging sensors. Through deep collaboration and innovation, we're shaping the future of connectivity. Visit mobixlabs.com and follow us on LinkedIn.
Mobix Labs, the logo, and SMART Edge Device are among the trademarks of Mobix Labs. Other trademarks are the property of their respective owners.
協同收購將增強Mobix Labs在航空航天和國防領域的競爭力
擴大運營和現金流
加利福尼亞州爾灣--(美國商業資訊)--軍事和國防領域先進無線和連接解決方案的領導者Mobix Labs, Inc.（納斯達克股票代碼：MOBX）（「Mobix Labs」、「Mobix」 或 「公司」）今天宣佈，它已向全球最大的獨立提供商EMCORE Corporation（納斯達克股票代碼：EMKR）（「Emcore」）董事會提交了一份令人信服的不具約束力的提案航空航天和國防行業的慣性導航解決方案，以每股3.80美元的現金收購EMCORE的所有已發行股份。
截至2024年9月27日，Mobix Labs向EMCORE董事會提出的全現金報價比EMCORE當前股價高出200％以上。根據其2022年和2023年的10萬份申報，EMCORE在截至23年9月30日的財年中的收入比上年增長了115％，達到9700萬美元。
EMCORE是航空航天和國防市場陸地、海洋、空中和太空應用慣性傳感器和系統的領先供應商。Mobix Labs首席執行官費邊·巴塔利亞表示：「我們認爲，該提案爲EMCORE股東提供了一個難得的機會，使他們能夠立即實現可觀的投資價值。」巴塔利亞補充說：「我們最近的戰略收購，包括EMI Solutions和raGe Systems，極大地鞏固了我們在軍事、國防和高可靠性電子領域的地位。」「我們相信，整合EMCORE的產品將進一步加速我們在關鍵市場的增長和創新。」
Mobix Labs由經驗豐富的行業資深人士領導，包括董事會成員、Microsemi前首席執行官兼董事長詹姆斯·彼得森和Skyworks Solutions前首席執行官兼董事長大衛·奧爾德里奇。
交易詳情
Mobix Labs的提議得到了其董事會的支持。Mobix Labs的全現金報價須經EMCORE董事會批准、Mobix Labs與EMCORE之間最終協議的執行以及法律可能要求的任何股東批准。
關於 Mobix Labs, Inc.
在 Mobix Labs，我們致力於通過與客戶密切合作來實現連接轉型，提供根據客戶需求量身定製的先進半導體和無線系統解決方案。總部位於加利福尼亞州爾灣的我們專注於四個關鍵領域：用於安全航空航天和GPS系統的EMI互連解決方案、用於高速人工智能數據中心互連的有源光纜（AOC）、用於毫米波通信的5G IC解決方案以及無線系統解決方案，包括射頻技術的聯合設計和製造服務，爲5G、雷達和成像傳感器客戶提供服務。通過深度合作和創新，我們正在塑造連接的未來。訪問 mobixlabs.com 並在 LinkedIn 上關注我們。
Mobix Labs、徽標和 smART Edge 設備是 Mobix Labs 的商標之一。其他商標是其各自所有者的財產。
