Acquisition Expands Micross’ Excessive-Reliability Energy Administration Resolution 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, area, medical and industrial functions and a portfolio firm of Behrman Capital, right this moment 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 programs 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 area, 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 underneath 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 answer 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 area finish market, higher positioning the Firm for future progress alternatives.
Simon Lonergan, Managing Accomplice of Behrman Capital, stated, “This acquisition represents an especially 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 and products. We sit up for persevering with to work with administration to determine further alternatives to drive progress at Micross.”
Vince Buffa, Chairman and CEO of Micross, stated, “We’re delighted to associate with this skilled staff which additional expands the Micross staff’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 supply a good wider vary of high-quality merchandise for our clients. Collectively, we plan to pursue quite a lot of compelling alternatives to additional understand our thrilling progress prospects, all whereas upholding glorious high quality and repair to our clients.”
About Micross
Micross (https://www.micross.com) is a number one world supplier of mission-critical microelectronic elements 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, Part Modification Companies, Electrical & Environmental Testing and different high-reliability services and products. In enterprise for greater than 40 years, Micross’ intensive high-reliability capabilities serve the Aerospace & Protection, House, Medical and Industrial markets, amongst others. Micross possesses the sourcing, packaging, meeting, engineering, take a look at and logistics experience wanted to assist functions all through their total 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 at present investing out of its sixth fund.
About Infineon
Infineon Applied sciences AG is a worldwide semiconductor chief in energy programs 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 data is offered at www.infineon.com
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