APC Technology Group PLC, the provider of design-in, specification and distribution services for specialist electronic components has completed its second acquisition in 2018, following an announcement of the acquisition of Aspen Electronics Limited on 25th July 2018.
Established in 1974, Aspen Electronics has a comprehensive range of RF and microwave components and test and measurement equipment from more than 50 market-leading manufacturers. In addition they have a well-equipped service facility able to design, manufacture and test RF and microwave sub-systems and instrumentation products.
The acquisition of Aspen Electronics complements APC’s existing RF & Microwave business, established in 2008 following the acquisition of Novacom Microwaves Limited, whose product lines include: Amcom, API, Copper & Optic, Innovative Power Products and Wolfspeed.
APC’s strategy is to complement organic growth within its components distribution division with acquisitions in the highly fragmented UK electronic components distribution market. In line with this strategy, in January 2018, APC acquired First Byte Micro Ltd, now rebranded APC Locator, a franchised and independent component sourcing company.
APC recently announced that APC Locator has integrated successfully into the enlarged Group, expanded its offering and has delivered £1 million in bookings in its first six months of ownership which is well in excess of its acquired run rate of £1.5 million per annum.
The addition of Aspen Electronics brings APC’s component sales and marketing team to 30 staff and enhances the RF and microwave product range and capabilities offered to customers in the UK and Ireland.
Richard Hodgson, CEO APC Technology Group plc, commented:“We are delighted to complete the acquisition of such a premium quality, complementary RF and microwave business. Aspen Electronics has an excellent reputation, and when combined with our well-established existing RF and microwave division, will position APC as one of the UK’s leading providers of RF and microwave expertise. Our expanded product range, and the addition of Aspen’s RF and microwave test and measurement equipment and in-house sub-system testing, will provide our customers with a value-added and enhanced RF and microwave offering from a single vendor.”