Endwave Corp. has acquired all outstanding shares of capital stock of JCA Technology, Inc., a wholly-owned subsidiary of Bookham Technology plc., for approximately $6.0 million in cash. JCA, a leading supplier of high-performance amplifiers and multifunction modules for microwave and optical applications, has served both commercial and military customers for more than 20 years. According to John Mikulsky, Senior Vice President of Sales, Marketing, and Technology for Endwave, "this acquisition is strategically important to Endwave in building our defense and homeland security business base, and is complementary to our existing portfolio of RF module products for these markets. In addition, we expect the acquisition of JCA to broaden our product offerings and strengthen our ties to such customers as Raytheon, Northrop Grumman, Lockheed, L3, and Boeing."
The acquisition is expected to add about $1 to $2 million in revenues per quarter to Endwave after full integration by the end of 2004. Endwave has projected revenues of $7 to $8 million for its upcoming third quarter and $11 to $12 million for its fourth quarter 2004. Over the next two quarters, the JCA business unit and employees will be relocated from their current facility in San Jose, CA, to Endwave's facilities in Sunnyvale, CA and Diamond Springs, CA.