[ad_1]
Acquisition Expands Capabilities of Micross’ Reliable Power Management Solutions
Melville, New York, January 10, 2023 /PRNewswire/ — Micross Components, Inc. (“Micross” or the “Company”) is a leading provider of highly reliable microelectronic product and service solutions for aerospace, defense, space, medical and industrial applications. A Behrman portfolio company. Capital today signed a definitive agreement to acquire Power Systems and the high-reliability DC-DC converter business (the “Business”) of Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY), a global semiconductor leader in the IoT. announced that it had The transaction is expected to close in the first quarter of 2023.
Head office location San Jose, California at the facility of copenhagen denmark, the business provides high reliability DC-DC converters, including hybrid and custom board-based power products for space, strategic defense, aerospace, and other high reliability customers. The Business designs and manufactures unique power solutions that operate in the harshest environments.
The acquisition of Micross – the eighth acquisition under Behrman Capital’s ownership and the fourth since closing the ongoing funding transaction in February 2022 – continues to be based on our strategic priorities. The addition of Infineon’s high-reliability DC-DC converter business expands Micross’ offering of power management solutions supported by advanced intellectual property. The acquisition also expands Micross’ geographic footprint in the United States, Europe Our presence in high-growth space end markets improves our positioning for future growth opportunities.
Vince BuffaMicross Chairman and CEO said: A product portfolio that is a market leader for the advancement of innovative solutions. We are better positioned to produce an even wider range of quality products for our customers. We have exciting growth prospects while providing superior quality and service to our customers. ”
Simon Lonergan, a managing partner at Behrman Capital, said: The platform further differentiates and adds significant IP to our leading position as a one-stop source for reliable electronic products and services. I look forward to working with management to identify additional opportunities to drive growth for Micross. ”
About Micros
Micross is a leading global provider of mission-critical microelectronic components and services for the high reliability market. Micross offers customers a wide range of product and service solutions, including die & wafer services, advanced interconnect technology, custom packaging & assembly, component modification services, electrical & environmental testing, and other high reliability products and services. doing. In business for over 40 years, Micross’ extensive high-reliability capabilities serve the aerospace and defense, space, medical, and industrial markets, among others. Micross has the sourcing, packaging, assembly, engineering, testing and logistics expertise necessary to support your application throughout the program life cycle. For more information about Micross, please visit www.micross.com.
About Berman Capital
original new york cityIn 1991 Behrman Capital acquired Grant G. Darryl G. BermanThe company invests in management acquisitions, leveraged build-ups and recapitalizations of established growth businesses. The company’s investments are focused in his three industries: defense and aerospace, healthcare services, and specialty manufacturing and distribution. Since its founding, the company has $4 billion We are currently investing from our 6th fund.
About Infineon
Infineon Technologies AG is a global semiconductor leader in power systems and IoT. Infineon is driving decarbonization and digitalization with its products and solutions. The company has approximately 56,200 employees worldwide and generated revenues of approximately €14.2 billion in fiscal year 2022 (ending September 30). Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX). united states of america on the OTCQX international over-the-counter market (ticker symbol: IFNNY). For more information, please visit www.infineon.com.
Media contact:
Chris StabilDirector of Corporate Marketing Communications
micros parts
[email protected]
Source Micross Components
[ad_2]
Source link
