A multi-stage signal handling circuit. Operating as a combiner or splitter, first stage transformers match low input impedance at a first set of differential terminals, and second stage transformers match expected higher impedance at second terminal(s). Transformer windings are mirror image, vertically aligned, meandering conductive tracks disposed on opposite sides of a PCB. Air columns above or below the conductive tracks reduce ground plane effects. A capacitor provided across the differential input terminals of each transformer is chosen to further match the power amplifier output, including consideration of inherent inductance presented by the circuit tracks and vias between transformer sections.