The acquisition expands Micross’ high-reliability power management solutions capabilities
MELVILLE, NY, February 28, 2023 /PRNewswire/ — Micross Components, Inc . (“Micross” or the “Company”), a leading provider of high-reliability microelectronic product and service solutions for aerospace, defense, space, medical and industrial applications and a portfolio company of Behrman Capital, today announced that it has closed the acquisition of the High Reliability DC-DC converters business (the “Business”) of Infineon Technologies AG (FSE: IFX /OTCQX: IFNNY), a global semiconductor leader in power and IoT systems.
Headquartered in San Jose, California with an object in Copenhagen, Denmark, 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 proprietary power solutions that work in the harshest environments.
The acquisition of Micross – the eighth under Behrman Capital’s ownership and the fourth since the completion of a going concern transaction in February 2022 – continues to build on strategic priorities for the Company. The addition of Infineon’s high-reliability DC-DC converter business expands Micross’ power management solution offerings, which are supported by a high degree of intellectual property. The acquisition also expands Micross’ geographic footprint in the US and Europe and the Company’s presence in the high-growth space end market, better positioning the Company for future growth opportunities.
Buffa winsChairman and CEO of Micross, said: “We are pleased to partner with this experienced team, which further expands the design capabilities of the Micross team. The acquisition brings significant IP ownership around power management, combined with state-of-the-art manufacturing capabilities and a product portfolio that is a market leader in advancing innovative solutions. We will be better positioned to produce an even wider range of high-quality products for our customers. Together, we plan to pursue a number of compelling opportunities to further realize exciting growth prospects, all while maintaining excellent quality and service to our customers.”
Simon LonerganManaging Partner of Behrman Capital, said, “This acquisition represents an extremely strong strategic fit for Micross as the Company continues to build its portfolio of high-reliability products to better serve its customer base. Adding business of Infineon’s DC-DC converter to Micross Platform further differentiates and adds significant IP to the Company’s leadership position as a single source of supply for high-reliability electronic products and services. We look forward to continuing to work with management to identified additional opportunities to drive growth at Micross.”
Micross is a leading global provider of mission-critical microelectronic components and services for high-reliability markets. Micross provides a wide range of product and service solutions to customers, including Die & Wafer Services, Advanced Interconnect Technology, Custom Packaging & Assembly, Component Modification Services, Electrical & Environmental Testing, and other reliability products and services. high. In business for more than 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 needed to support applications throughout their entire program life cycles. For more information about Micross, please visit www.micross.com.
About Behrman Capital
Based on New York CityBehrman Capital was founded in 1991 by Grant G. and Darryl G. Behrman. The firm invests in management buyouts, leverage increases and recapitalizations of established growth businesses. The company’s investments are concentrated in three industries: defense and aerospace, healthcare services, and specialty manufacturing and distribution. Since its inception, the firm has raised 4.0 billion dollars and is currently investing from its sixth fund.
Infineon Technologies AG is a global semiconductor leader in power and IoT systems. Infineon leads decarbonization and digitization 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) and on the US on the OTCQX international over-the-counter market (ticker symbol: IFNNY). Further information is available at www.infineon.com.
Chris StabileDirector of Corporate Marketing Communications
SOURCE Micross Components
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