ARC Wireless to acquire AFT and Quadrant Metals Technologies, aims to become a world leader in Metal Injection Molding

April 13, 2012

The board of directors of ARC Wireless Solutions, Inc. (NASDAQCM: ARCW) (ARC) has announced the signing of definitive agreements to purchase Advanced Forming Technology, Inc., (AFT) and Quadrant Metals Technologies, LLC (QMT). QMT is a holding company that owns a majority interest in several manufacturing businesses including US MIM producer FloMet LLC.

Through the combination of FloMet and AFT, ARC states that it will create the world leader in Metal Injection Moulding (MIM), describing the technology as “innovative and fast-growing.”

Ted Deinard, Interim Chief Executive Officer of ARC, stated, “While we will continue to be focused on growing our wireless business, we are excited about the opportunity to transform ARC into a larger platform that should enable us to serve our current customers better and to enhance shareholder value.”

“We are grateful to welcome the new additions to ARC’s platform and enthusiastic about creating the world leader in MIM. The combination of FloMet and AFT is a significant milestone in the MIM industry and we are excited about what we can build with the stronger ARC platform in the future.”

Jason Young, Chairman of the ARC Board of Directors added, “After a number of years evaluating potential transactions for ARC, we are pleased that we have now entered into definitive agreements with businesses that will transform ARC into a more robust platform with meaningful cash flow. We look forward to the synergies that a larger organisation will provide to our businesses, their customers, and all of our shareholders.”


Advanced Forming Technology

Advanced Forming Technology, Inc. is an ISO-certified manufacturer of precision metal injection molded parts for the automotive, aerospace, medical, firearms, and consumer markets. AFT operates both out of its 113 acre worldwide headquarters campus in Longmont, Colorado and its 10 acre campus in Retsag, Hungary.

Throughout the past 24 years, it is stated, AFT’s technical expertise has enabled it to establish a strong customer base with multiple multi-national Fortune 500 firms in the automotive, healthcare, ammunition, and aerospace industries.

AFT will divest itself of its Thixoforming division prior to the closing.


FloMet LLC

FloMet LLC is a leading manufacturer of precision, miniature components via the metal injection molding process. The company is regarded as one of the pioneers and leading innovators in MIM and customised materials technology, with more than 20 years of experience in making quality, miniature production components



ARC, through its operating subsidiaries ARC Wireless LLC and ARC Wireless Ltd. (collectively “ARC Wireless”), focuses on wireless broadband technology. ARC Wireless designs and develops products that extend the reach of broadband and other wireless networks and simplifies the implementation of those networks. ARC Wireless supplies its products to public and private carriers, wireless infrastructure providers, wireless equipment distributors, value added resellers and other original equipment manufacturers.

ARC will maintain its commitment to growing the wireless broadband internet business through products such as its eXsite® dual-polarization dish and variable sector antennas, IES™ line of integrated panel antennas and enclosures, and the new ARCFlex™ line of full solution radios. However, ARC will now have the benefit of a larger manufacturing platform to provide further support to grow its business and continue to streamline costs.

Preliminary proxy materials related to the acquisitions and other corporate matters are available at The transaction is expected to be completed in the second quarter of 2012 subject to regulatory and shareholder approval.


Highlights of the acquisitions include the following:

  • ARC to acquire AFT, including its assets and operations in Hungary, for $43 million, approximately 1.0x Book Value, in a mix of cash and a convertible promissory note.
  • ARC to issue 7,857,898 shares valued at $4.00 per share, a 36% premium to ARC’s closing price as of April 12, 2012, to acquire QMT in a non-cash transaction.
  • Transaction values equity of QMT at $31.4 million, a significant discount to the low end of a range determined by an independent valuation and advisory services provider.
  • Pro-forma projected Net Sales for twelve months ending June 30, 2012: $66 million.
  • Historical EBITDA margins at QMT have been approximately 15-19%, which ARC would expect to achieve or improve on company-wide over time, upon integration and growth of its business. | |


Introduction to Powder Injection Moulding: Process, Materials & Applications

Discover our 14 page Introduction to Powder Injection Moulding section to find out more about the process steps for PIM.

We also look at a range of materials that can be processed, basic properties, and some applications for PIM products.

Quicklinks to pages in “An Introduction to Powder Injection Moulding 

Spring 2023 issue of PIM International magazine

In the latest issue of PIM International…

Download PDF

Extensive MIM, CIM industry and sinter-based AM industry news, plus the following exclusive deep-dive articles and reports:

  • Visottica Group: Integrated workflows and the value of Metal Injection Moulding in eyewear and beyond
  • In MIM’s post-smartphone era, where is China’s Metal Injection Moulding industry going?
  • Ceramic AM at scale: The story of how Steinbach AG scaled production to 12,000 parts a year for Da Vinci Surgical Systems
  • MIM F75 (Co-Cr-Mo) for high-volume production: The impact of sintering conditions on microstructure and properties
  • World PM2022: Research into the Binder Jetting of aluminium, Ni-free stainless steel, hardmetals and metallic glass

The latest news from the MIM, CIM and sinter-based AM industries

Don't miss any new issue of PIM International, and stay up to date with the latest industry news. Sign up to our fortnightly newsletter.

Sign up

Join our community

News from the industry…

    Discover our magazine archive…

    The free-to-access PIM International magazine archive offers unparalleled insight into the world of MIM, CIM and sinter-based AM from a commercial and technological perspective through:

    • Reports on visits to leading part manufacturers and industry suppliers
    • Articles on technology and application trends
    • Information on materials developments
    • Reviews of key technical presentations from the international conference circuit
    • International industry news

    All past issues are available to download as free PDFs or view in your browser.


    Browse the archive


    Looking for suppliers of materials, production equipment and finished MIM, CIM or sinter-based AM parts?

    Discover suppliers of these and more in our advertisers’ index and buyer’s guide, available in the back of PIM International.

    • Metal powders
    • MIM, CIM & AM parts producers
    • Binders & feedstocks
    • Feedstock mixers
    • Furnaces & furnace supplies
    • Atmospheres & gas generation
    • HIP systems & services
    • Injection moulding machines
    • AM technology
    • Debinding systems
    Download PDF
    Share via
    Copy link
    Powered by Social Snap