Apollo Micro Systems gets nod to acquire 51% stake in Ananya SIP RF Technologies

18 Oct 2019 Evaluate

Apollo Micro Systems (AMS) has received an approval for acquiring 51% equity shares of the Ananya SIP RF Technologies at the price determined upon valuation in due course. The objective of this acquisition is to expand the business towards new technologies by establishing a RF & Microwave Design cum production facility along with integration facility. The Board of Directors of the company, in their meeting held on October 18, 2019 have considered and approved the same.

Apollo Micro Systems is in the business of designing, development and manufacturing of electronics and electro-mechanical systems including software.

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