Author: EIS Release Date: Mar 11, 2020
Cambridge-based Plextek Group has sold one of its spin-outs, the boutique microwave chip design business Plextek RFI to CML for an undisclosed sum.
Plextek RFI was founded from within Plextek by Liam Devlin some twenty years ago and demerged into a separate limited company in 2015.
It has earned a reputation for right-first time designs of RF, Microwave and Millimetre-wave (mm-wave) ICs and modules.
The team has completed in excess of 100 IC designs, operating at radio frequencies up to 100GHz and is a third-party approved design house for a number of leading semiconductor companies globally.
Design experience includes front end ICs for mm-wave 5G, broadband Monolithic Microwave ICs (MMICs), receiver, transmitter and power amplifier (PA) ICs for microwave links and GaN PAs for both commercial and defence applications. The designers, IP, order book and customer relationships are all part of the deal.
This represents the first outright sale of one of the Plextek Group companies. These are set up as sister companies and include:
The marriage between Plextek RFI and CML arose out of a clear strategic alignment.
“PRFI’s dedicated and experienced team enhances our strategy for expansion within communications markets. Their design expertise expands upon the Group’s existing skills and provides a new independent services and consulting income stream for CML” says CML md Chris Gurry.
PRFI will remain based at the Plextek campus in Great Chesterford