Spectrum Control, a manufacturer of custom electronic products and systems, has signed a definitive agreement to acquire substantially all of the assets and assume certain liabilities of Micro Networks , a subsidiary of Integrated Device Technology. Micro Networks, with operations in Worcester, MA and Auburn, NY, designs and manufactures data conversion products, custom modules, and a broad line of filters, oscillators, and delay lines based on surface acoustic wave (SAW) technology. The transaction is expected to close by the end of November. The total purchase price of the acquisition is anticipated to approximate $13 million.

Recent annual revenues of Micro Networks have approximated $14 million. For the fiscal year 2008, Spectrum Control had net income of $8.9 million on sales of $130.7 million.