Acquisition Expands Micross’ Higher-Dependability Electric power Administration Option Abilities
MELVILLE, N.Y., Feb. 28, 2023 /PRNewswire/ — Micross Parts, Inc. (“Micross” or the “Organization”), a top supplier of large-dependability microelectronic merchandise and provider solutions for aerospace, defense, house, clinical and industrial apps and a portfolio organization of Behrman Capital, right now declared it has shut the acquisition of the High-Dependability DC-DC converter organization (the “Organization”) of Infineon Systems AG (FSE: IFX /OTCQX: IFNNY), a worldwide semiconductor chief in energy methods and IoT.
Headquartered in San Jose, California with a facility in Copenhagen, Denmark, the Organization provides significant-trustworthiness DC-DC converters, such as hybrid and custom board-primarily based energy merchandise for space, strategic defense, aerospace, and other high-dependability shoppers. The Small business layouts and manufactures proprietary power answers which operate in the harshest environments.
Micross’ acquisition – the eighth underneath Behrman Capital’s ownership and fourth given that consummating a continuation fund transaction in February of 2022 – continues to construct on the strategic priorities for the Company. The addition of Infineon’s Superior-Dependability DC-DC converter small business expands Micross’ ability management resolution choices which are supported by a large diploma of intellectual home. The acquisition also expands Micross’ geographic footprint in the US and Europe and the Firm’s presence in the significant-development place stop market, superior positioning the Corporation for long term advancement options.
Vince Buffa, Chairman and CEO of Micross, said, “We are delighted to lover with this skilled staff which further expands the Micross team’s style abilities. The acquisition delivers sizeable proprietary IP all around ability management, put together with point out-of-the-art manufacturing capabilities and a products portfolio that is a sector chief for the progression of modern alternatives. We will be much better positioned to produce an even wider variety of high-good quality items for our buyers. With each other, we prepare to go after a amount of persuasive opportunities to even further recognize our fascinating progress prospective customers, all even though upholding excellent excellent and provider to our prospects.”
Simon Lonergan, Running Associate of Behrman Money, stated, “This acquisition signifies an extremely strong strategic suit for Micross, as the Enterprise proceeds to build out its substantial-trustworthiness product or service portfolio to improved provide its consumer foundation. Including Infineon’s DC-DC converter Business enterprise to Micross’ platform more differentiates and provides considerable IP to the Firm’s foremost posture as a a person-prevent source of supply for substantial-reliability digital products and products and services. We appear forward to continuing to operate with administration to determine added opportunities to push development at Micross.”
Micross is a top international service provider of mission-critical microelectronic components and companies for significant-trustworthiness marketplaces. Micross delivers a huge range of item and service options to shoppers, which includes Die & Wafer solutions, Superior Interconnect Know-how, Customized Packaging & Assembly, Component Modification Products and services, Electrical & Environmental Screening and other superior-dependability items and expert services. In small business for more than 40 yrs, Micross’ considerable high-dependability capabilities serve the Aerospace & Defense, Place, Health-related and Industrial marketplaces, amid other folks. Micross possesses the sourcing, packaging, assembly, engineering, test and logistics expertise required to assistance apps through their entire method everyday living cycles. For far more information about Micross, be sure to take a look at www.micross.com.
About Behrman Funds
Based mostly in New York Town, Behrman Money was founded in 1991 by Grant G. and Darryl G. Behrman. The agency invests in administration buyouts, leveraged buildups and recapitalizations of set up development enterprises. The company’s investments are concentrated in a few industries: protection and aerospace, health care products and services, and specialty manufacturing and distribution. Since its inception, the firm has lifted $4. billion and is at this time investing out of its sixth fund.
Infineon Systems AG is a world wide semiconductor leader in electric power systems and IoT. Infineon drives decarbonization and digitalization with its items and options. The organization has close to 56,200 personnel around the world and generated income of about €14.2 billion in the 2022 fiscal year (ending 30 September). Infineon is detailed on the Frankfurt Stock Trade (ticker symbol: IFX) and in the United states of america on the OTCQX Global in excess of-the-counter sector (ticker symbol: IFNNY). Further data is accessible at www.infineon.com.
Media Get hold of:
Chris Stabile, Director of Company Advertising Communications
Supply Micross Factors