Niowave Inc. of Lansing will acquire superconducting radio frequency technologies and business from
AMAC International Inc., a high-tech company based out of Newport, Virginia.
According to excerpts from the article:
AMAC International is a high-tech company founded in 1999, and has design and manufacturing expertise in superconducting radio frequency power couplers, magnetic levitation, and cryogenics. AMAC's customers have included the Cyclotron at Michigan State University, and the FERMI National Accelerator Laboratory.
The acquisition was finalized on April 30. The financial terms of the transaction were not disclosed.
"The acquisition of AMAC starts a new chapter for Niowave," said Terry Grimm, president of Niowave. "We have established a growing credibility within the accelerator community.
"AMAC also has a strong reputation in the accelerator community, and adding their technology and expertise enables us to take on larger and more complex projects."
Read the entire article
here.
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