Ironwood Capital portfolio company, Ironwave Technologies (Ironwave), has purchased a majority interest in Syntonics, a manufacturer and research and development company focused on advanced radio frequency (RF) systems and subsystems such as RF over fibre, Software Defined Radio, Tracking Tagging and Location (TLL) and Expendable Data Exfiltration (EDEX) technologies.
“The acquisition of Syntonics expands Ironwave’s RF product portfolio into innovative technologies that are at the leading edge of the defence industry,” says Roger Roche, Ironwood Capital senior managing director. “Combining these entities creates a more diverse company with strong growth potential. We look forward to partnering with management to continue this growth path.”
Robert Ferrante, Ironwave CEO, says: “The Syntonics investment brings Ironwave broad systems engineering experience and a host of new platform products and technologies in that area critical to the warfighter. The Ironwave team has the proven ability to capitalise on these RF domain opportunities from the component to the systems level.”
Source: Private Equity Wire
