12 February 2020
Emcore completes sale and leaseback of Concord facility, generating $12.8m
Emcore Corp of Alhambra, CA, USA – which provides mixed-signal products for the aerospace & defense and broadband communications markets – says it has completed the sale and leaseback transaction of its property in Concord, CA (announced on 6 January), generating $12.8m in net proceeds.
The Concord facility (which is AS9100 aerospace quality certified) manufactures quartz MEMS navigation products (gyroscopes and accelerometers), and was acquired when Emcore bought Systron Donner Inertial (SDI) last June.
Emcore agrees sale and leaseback deal for Concord MEMS facility