Qorvo, Inc. (NasdaqGS:QRVO) entered into a definitive agreement to acquire Anokiwave Inc. on January 22, 2024. The transaction is expected to be funded with cash on hand. The Anokiwave team will join Qorvo?s High Performance Analog (HPA) segment and will continue to develop beamformers and IF-RF solutions for defense phased array and AESA radar, electronic warfare, satellite communications and 5G applications. The acquisition is expected to be completed during the fourth quarter of fiscal 2024. Barclays PLC acted as financial advisor to Anokiwave Inc.

Qorvo, Inc. (NasdaqGS:QRVO) completed the acquisition of Anokiwave Inc. for $94 million on February 5, 2024. The acquisition includes net of cash acquired $10.7 million.