MACOM Announces Definitive Agreement to Divest Automotive Business to Autoliv ASP Inc.

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LOWELL, Mass.--(BUSINESS WIRE)--M/A-COM Technology Solutions Holdings, Inc. (NASDAQ: MTSI) (MACOM), a leading supplier of high-performance analog RF, microwave, millimeterwave and photonic semiconductor products, today announced that it has entered into a definitive agreement to sell its Automotive business to Autoliv ASP Inc. (Autoliv). The Automotive business represented approximately 18% of MACOM’s consolidated revenue in its second fiscal quarter ended April 3, 2015. The agreed consideratio

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