Ducommun Inc. announced that its Ducommun Technologies Inc. (DTI) subsidiary has acquired the capital stock of WiseWave Technologies Inc., a privately held company based in Torrance, CA. WiseWave is a manufacturer of custom microwave and millimeter-wave products for both aerospace and non-aerospace applications. WiseWave’s sales for the last 12 months were approximately $4.4 M. Terms of the transaction were not disclosed. The principal shareholders, Yonghui Shu and Xiaoxin Gu, will remain with the business. Following the acquisition the WiseWave business will be integrated with DTI’s Carson, CA microwave business.
Joseph C. Berenato, chairman, president and chief executive officer, stated, “The addition of WiseWave broadens our microwave product line and adds millimeter-wave products to our offerings. In addition, the proximity of WiseWave’s facility to our Carson, CA operation allows us to consolidate WiseWave’s operations into our existing footprint without affecting the commute for WiseWave employees. Therefore, this acquisition brings us a talented array of people in engineering, sales and product assembly as well as broadening our product offering which will help us to become more important to our key customers.”
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