Abracon acquires ILSI America

Abracon a global manufacturer of frequency control, timing, synchronization, RF, connectivity, and power component solutions, announces the successful acquisition of ILSI America a privately held market of frequency control devices, and its subsidiaries on Dec. 23, 2019.

Abracon will continue supporting the ILSI, MMD, Ecliptek and Oscilent brands for new and existing customers. The ILSI America product portfolio complements Abracon’s existing product offerings and provides Abracon’s global customer base with a broader range of solutions.

The acquisition supports Abracon’s strategy to continue expanding its presence as a in the timing and synchronization market,” said Abracon CEO Michael Calabria. “ILSI America brings a strong brand recognition and an excellent reputation for service in the electronics industry.”

ILSI America is headquartered in Reno, Nevada, with locations in Southern California, Beijing and Hong Kong. The company is recognized as a flexible and responsive organization that provides turnkey supply chain management solutions, programming services and engineering support.

Abracon and ILSI America share a commitment to applied innovation, agile support and service quality. The two companies will merge business operations under Abracon, to better serve customer and channel partner needs.

We are very excited to be joining the Abracon family,” said ILSI President Gary Schmidt.The organizational strength and sales channel presence of Abracon will broaden our exposure and allow the ILSI, MMD, Ecliptek and Oscilent brands to flourish in the market.”

Gary Schmidt will continue serving in an executive role and will report to Michael Calabria. The integration has a March 2020 target completion date, and the ILSI America brands will then become available through Abracon’s global distribution network.

The acquisition marks Abracon’s first-ever corporate extension.

Source: https://www.prnewswire.co.uk/

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