Acquisition Expands Micross’ Excessive-Reliability Energy Administration Answer Capabilities
MELVILLE, N.Y., Jan. 10, 2023 /PRNewswire/ — Micross Elements, Inc. (“Micross” or the “Firm”), a number one supplier of high-reliability microelectronic product and repair options for aerospace, protection, house, medical and industrial purposes and a portfolio firm of Behrman Capital, immediately introduced signing a definitive settlement to buy the Excessive-Reliability DC-DC converter enterprise (the “Enterprise”) of Infineon Applied sciences AG (FSE: IFX /OTCQX: IFNNY), a worldwide semiconductor chief in energy techniques and IoT. The deal is anticipated to shut within the first quarter of calendar 12 months 2023.
Headquartered in San Jose, California with a facility in Copenhagen, Denmark, the Enterprise offers high-reliability DC-DC converters, together with hybrid and customized board primarily based energy merchandise for house, strategic protection, aerospace, and different high-reliability clients. The Enterprise designs and manufactures proprietary energy options which function within the harshest environments.
Micross’ acquisition – the eighth below Behrman Capital’s possession and fourth since consummating a continuation fund transaction in February of 2022 – continues to construct on the strategic priorities for the Firm. The addition of Infineon’s Excessive-Reliability DC-DC converter enterprise expands Micross’ energy administration resolution choices that are supported by a excessive diploma of mental property. The acquisition additionally expands Micross’ geographic footprint within the US and Europe and the Firm’s presence within the high-growth house finish market, higher positioning the Firm for future progress alternatives.
Simon Lonergan, Managing Associate of Behrman Capital, mentioned, “This acquisition represents a particularly robust strategic match for Micross, because the Firm continues to construct out its high-reliability product portfolio to raised serve its buyer base. Including Infineon’s DC-DC converter Enterprise to Micross’ platform additional differentiates and provides important IP to the Firm’s main place as a one-stop supply of provide for high-reliability digital services. We sit up for persevering with to work with administration to determine extra alternatives to drive progress at Micross.”
Vince Buffa, Chairman and CEO of Micross, mentioned, “We’re delighted to accomplice with this skilled group which additional expands the Micross group’s design capabilities. The acquisition brings important proprietary IP round energy administration, mixed with state-of-the-art manufacturing capabilities and a product portfolio that could be a market chief for the development of revolutionary options. We might be higher positioned to provide a good wider vary of high-quality merchandise for our clients. Collectively, we plan to pursue quite a lot of compelling alternatives to additional notice our thrilling progress prospects, all whereas upholding glorious high quality and repair to our clients.”
Micross (https://www.micross.com) is a number one international supplier of mission-critical microelectronic parts and providers for high-reliability markets. Micross offers a variety of product and repair options to clients, together with Die & Wafer providers, Superior Interconnect Know-how, Customized Packaging & Meeting, Element Modification Companies, Electrical & Environmental Testing and different high-reliability services. In enterprise for greater than 40 years, Micross’ in depth high-reliability capabilities serve the Aerospace & Protection, Area, Medical and Industrial markets, amongst others. Micross possesses the sourcing, packaging, meeting, engineering, check and logistics experience wanted to help purposes all through their complete program life cycles. For extra details about Micross, please go to www.micross.com.
About Behrman Capital
Based mostly in New York Metropolis, Behrman Capital was based in 1991 by Grant G. and Darryl G. Behrman. The agency invests in administration buyouts, leveraged buildups and recapitalizations of established progress companies. The corporate’s investments are targeted in three industries: protection and aerospace, healthcare providers, and specialty manufacturing and distribution. Since its inception, the agency has raised $4.0 billion and is presently investing out of its sixth fund.
Infineon Applied sciences AG is a worldwide semiconductor chief in energy techniques and IoT. Infineon drives decarbonization and digitalization with its merchandise and options. The corporate has round 56,200 workers worldwide and generated income of about €14.2 billion within the 2022 fiscal 12 months (ending 30 September). Infineon is listed on the Frankfurt Inventory Trade (ticker image: IFX) and within the USA on the OTCQX Worldwide over-the-counter market (ticker image: IFNNY). Additional info is obtainable at www.infineon.com
Ross Lovern / Nathaniel Shahan
[email protected] / [email protected]
SOURCE Behrman Capital