Mobix Labs, Inc. (Nasdaq: MOBX), a fabless semiconductor company specializing in connectivity solutions, has announced the completion of its acquisition of RaGE Systems, Inc. RaGE Systems, based in Massachusetts, is known for its expertise in radio frequency joint design and manufacturing services, particularly in 5G communications, mmWave imaging, and Software Defined Radio systems. This acquisition aims to enhance Mobix Labs’ capabilities and market reach in various sectors, including commercial, industrial, defense, and aerospace.
Fabian Battaglia, CEO of Mobix Labs, stated, “We are pleased to further our collaboration with the RaGE Systems team on developing advanced wireless communications systems and integrated circuits. This acquisition is expected to drive innovation, expand our customer base, broaden our market reach, and accelerate the development of next-generation wireless products.”
Russell Cyr, CEO of RaGE Systems, commented, “The acquisition by Mobix Labs represents an important step in our growth and customer support strategy. The management team at Mobix Labs and their Board of Directors provide strong leadership that RaGE Systems can rely on as we move forward. We anticipate expanding our existing customer base and product offerings while leveraging the combined IP and technology.”
Keyvan Samini, President and CFO of Mobix Labs, noted, “Completing the RaGE Systems transaction is a significant milestone in our growth strategy and underscores the effectiveness of our global acquisition approach. We believe this strategic acquisition will enhance Mobix Labs’ revenue and earnings, while also broadening our market presence.”
