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[Image: Andrey Suslov/iStockphoto]
Exponential Technology Group announced that it has agreed to acquire Braemac Pty Ltd., an Australia-based specialist in product design, development, test and supply of semiconductors, systems and electronic components.
Glenn Smith, acting president of Exponential Technology Group, said in a statement:
“Braemac is very much in line with XTG’s vision, with its highly experienced management team and experience and expertise in designing smart products for customers from the ground up, as well as helping engineers solve technical problems. It brings a business model that fits well with the materials and supply chain through production,” said Smith.
Smith is the longtime president and CEO of XTG’s parent company, Mansfield-based Mouser Electronics.
Exponential Technology Group was created to provide customers with specialized semiconductor supply chain options shaped by the ethical and hard-working spirit familiar from TTI and its subsidiaries. XTG joins his TTI, Mouser Electronics and Sager Electronics in the TTI family.
Part of the Berkshire Hathaway family of companies
An independent member of the Mouser and TTI family of companies, Exponential Technology Group is a collection of companies that specialize in designing products and supplying semiconductors and electronic components that enable smart electronic systems in automotive, medical, wireless, industrial, and IoT. is. Say.
As a subsidiary of TTI Inc., Mouser and XTG are part of the Berkshire Hathaway family run by billionaire Warren Buffett.
Mouser is an authorized worldwide distributor of semiconductors and electronic components and is considered a global leader in new product introductions, offering the widest selection of new designs in stock.
“The Exponential Technology Group is a perfect fit for Braemac. The companies within XTG maintain their own specialties and areas of focus, while working together within the group to deliver new technology solutions globally,” said Jonathan Mitchell, President of Braemac. said in a statement.
Based in Sydney, Australia, Braemac has 17 offices worldwide, providing design-to-product realization support, driving innovation with industry-leading semiconductor and electronic component partners, and providing a wide range of design and We offer expertise in supply chain management.
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