Londonderry defense contractor expects Manchester deal will lead to more jobsBy MICHAEL COUSINEAU
New Hampshire Union Leader
October 10. 2018 1:04PM
A Londonderry defense contractor is buying a small Manchester firm it's done business with for years.
SemiGen CEO Jim Morgan said Wednesday he expects buying Ion Beam Milling will “create more jobs in New Hampshire” over time.
SemiGen employs 50 workers while Ion Beam Milling's seven workers will come to work at SemiGen at 54 Grenier Field Road.
SemiGen counts BAE Systems and Raytheon among its customers.
“We're a manufacturer of microwave modules and components used in the defense industry,” Morgan said in an interview. “SemiGen's products are in military platforms, both airborne and ground-based missile systems and radar systems.”
Both are privately held companies and didn't disclose the sales price.
Ion Beam is “going to enhance our microwave product offerings to our customers,” Morgan said.
A statement from SemiGen said Ion Beam's workers and fabrication equipment will move to the 43,000-square-foot Londonderry plant over the next three months.
Ion Beam Milling, located at 850 East Industrial Drive, is a 35-year-old manufacturing company that “pioneered several thin film circuit processing techniques,” the statement said.
Morgan said Ion Beam was no stranger.
“Ion Beam was actually a vendor of ours,” he said. “We decided to absorb them into our overall mix. We've been mutually doing business for years.”
Ion Beam founder Bob Quagan said: “(My wife) Gail and I are happy to have found a buyer like SemiGen who understands the business and will continue to service our customers while providing long-term stability to our staff.”