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Microsemi Prevails With Upped Offer for Defense Electronics Maker

Irvine-based chipmaker Microsemi Corp. has prevailed uncontested with a higher offer for a Camarillo-based defense electronics maker.

Microsemi said Tuesday it has signed a definitive deal to acquire AML Communications Inc., which makes microwave amplifiers for communications, unmanned aerial vehicles and other products for companies such as Raytheon Co. and Lockheed Martin Corp.

The company is offering $28.3 million to buy AML.

The offer topped a $24.3 million bid by East Syracuse, N.Y.-based Anaren Inc. that was made in February and initially accepted by AML.

Microsemi topped Anaren’s offer last week. There was no counter offer from Anaren.

Microsemi makes chips for military, aerospace, industrial and consumer uses.

The company typically buys several companies a year as part of a rollup strategy in what are known as high-reliability chips used in devices where failure is costly.

Last year, the company made its biggest deal yet with a $430 million buy of Mountain View’s Actel Corp.

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