John Ocampo, the owner of semiconductor private equity firm GaAs Labs LLC, has acquired M/A-COM Technology Solutions, Inc. for as much as $90 million. In the transaction, M/A-COM owner Cobham received $30 million in cash, $30 million in senior loan notes secured on the M/A-COM Tech assets, and $30 million dependent on future revenue in the period 2010 to 2012. There are no conditions to closing and the transaction has been completed.

Joe Thomas, President and CEO of M/A-COM Technology Solutions, remarked that "This transaction could not have worked out better from M/A-COM Tech's point of view. Our buyers have an intimate understanding of our technologies and markets and a proven track record of successful acquisitions and profitable growth." M/A-COM will continue to focus on commercial, industrial, and government markets, specializing in RF, microwave, and millimeter-wave component and technology solutions. John Ocampo said that "We are thrilled to have the unique opportunity to acquire one of the best known companies in the RF and microwave space. M/A-COM Tech is an icon in our industry. We look forward to leveraging the company's products and technologies as platforms for future growth."