[Image: Andrey Suslov/iStockphoto]
Exponential Technology Group announced that it has agreed to acquire Braemac Pty Ltd., an Australia-based specialist in the design, development, testing and supply of semiconductors, electronic systems and components.
“We welcome the Braemac team to the XTG family of companies,” Glenn Smith, acting president of the Exponential Technology Group, said in a statement.
“Braemac brings a highly experienced management team and a business model that fits extremely well with XTG’s vision to help engineers solve technical problems, as well as having the experience and expertise to design a customer’s smart product from scratch, and then invoice management. materials and supply chain through manufacturing,” Smith said.
Smith is the longtime president and CEO of Mansfield-based Mouser Electronics, XTG’s parent company.
The Exponential Technology Group was created to provide customers with a specialized semiconductor supply chain option built on the ethical and hardworking spirit they have grown accustomed to from TTI and its subsidiaries. XTG joins TTI, Mouser Electronics and Sager Electronics in the TTI family.
Part of the Berkshire Hathaway family of companies
Exponential Technology Group, an independent member of the Mouser and TTI family of companies, is a collection of companies specializing in product design and supply of semiconductors and electronic components that enable intelligent electronic systems in automotive, medical, wireless, industrial and IoT, the company. say.
As a subsidiary of TTI Inc., Mouser and XTG are part of the Berkshire Hathaway family of companies headed by billionaire Warren Buffett.
Mouser is an authorized global distributor of semiconductors and electronic components and is considered a world leader in new product introductions with the widest selection of products in stock for new designs.
“Exponential Technology Group is a great fit for Braemac. The companies within XTG maintain their own areas of expertise and focus while collaborating within the group to deliver new technology solutions globally,” Braemac president Jonathan Mitchell said in a statement.
Headquartered in Sydney, Australia, Braemac has 17 offices globally and provides support from design to product realization, driving innovation with leading semiconductor and electronic component industry partners that provide extensive design and supply chain management expertise , according to the announcement.
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