Mega Industries, a Gorham manufacturer of high-power microwave components, has completed a merger with Ferrite Microwave Technologies of Nashua, N.H.
The deal creates a new holding company, Microwave Techniques LLC, which also includes the Micro Communications and FXR Microwave product lines, both acquired in recent years by Mega Industries, according to a news release Monday. The combined company will employ over 100 people with close to 85,000 square feet of production capacity across the two facilities in Maine and New Hampshire.
Terms of the transaction were not disclosed.
The combination of Mega Industries, Ferrite and the product lines creates a global source to support high-power microwave needs, with products including circulators, combiners, coaxial components and a line of microwave heating and tempering systems.
Mega and Ferrite have complementary product portfolios and have worked together for years, according to the release.
“Strategically, the fit is ideal, given the proximity, alignment of our cultures/teams and complementary product offerings,” Peter Anania, president of Mega Industries, said in the release.
The merger is “an industry game-changer,” said Ferrite CEO Peter Tibbetts.
The group’s combined engineering, operations and sales teams will service thousands of customers across the broadcast, high-energy research, radar, space, defense, food and heating markets.
The merged company has worked with clients including defense contractors Raytheon and Rafael Advanced Defense Systems, as well as major research centers such as Oak Ridge National Laboratory, the European Organization for Nuclear Research, the National Accelerator Laboratory at Stanford University and the Los Alamos Neutron Science Center.
