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Herley Industries Acquires Eyal Microwave Industries

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Herley Industries (HRLY) yesterday said it acquired Eyal Microwave Industries (EMI), a privately held Israeli company in an all cash transaction. "We believe the combination of these companies will form the largest independent purely microwave company outside of the U.S. and possibly worldwide," Myron Levy, Herley chairman and CEO, said in a statement. Eyal Microwave Industries is a leading supplier of a broad range of innovative, high-reliability, RF, microwave and millimeter wave components and customized subsystems for the global defense…

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