# AmpliTech Group to acquire Spectrum Semiconductor Materials

AmpliTech Group has executed a definitive agreement to acquire the assets and operations of Spectrum Semiconductor Materials Inc., a specialty distributor of semiconductor components. The purchase price is $8.0M in cash plus $1.5M in escrow and restricted stock.

- Type: Acquisition
- Announced: 2021-11-19
- Where: San Jose, CA, United States
- Value: $8.00M
- Status: announced
- Products: semiconductor components, MMIC chip designs
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Amplitech Group](https://endata.com/companies/39474.md) (acquirer)
- [Spectrum Semiconductor Materials](https://endata.com/companies/59123.md) (target)

## Sources

- [sec.gov](https://www.sec.gov/Archives/edgar/data/1518461/000147793221008597/ampg_ex991.htm), 2021-11-19: "The transaction is expected to close within our fiscal year 2021, subject to the satisfaction of certain closing conditions."
- [ng.investing.com](https://ng.investing.com/news/stock-market-news/amplitech-to-more-than-triple-revenue-base-with-spectrum-semiconductor-acquisition-519393), 2021-11-19: "With Spectrum, we will add a well-managed, growing business with a long-term track record for high quality and excellent customer service and the ideal distribution platform for the launch of our MMIC chip solutions."
- [globenewswire.com](https://www.globenewswire.com/news-release/2021/12/16/2353882/0/en/CORRECTION-AmpliTech-Completes-Acquisition-of-Spectrum-Semiconductor-Materials-Nearly-Quadrupling-its-Revenue-Base-and-Substantially-Expanding-its-Distribution-Reach-and-Growth-Pot.html), 2021-12-16: "Spectrum is expected to deliver significant strategic and top and bottom-line benefits to AmpliTech."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.