Behrman Capital-backed Micross to acquire the High-Reliability Discrete Diodes and Assemblies business of Semtech.

Behrman Capital-backed Micross, a provider of high-reliability microelectronic product and service solutions for aerospace, defense, space, medical and industrial applications, agreed to acquire the High-Reliability Discrete Diodes and Assemblies business of Semtech, a global supplier of high performance analog and mixed-signal semiconductors and advanced algorithms. Financial terms were not disclosed. "This acquisition represents an extremely strong strategic fit for Micross, as the Company continues to build out its product portfolio to better serve its customer base. Adding Semtech's high-reliability discrete products to Micross' platform further differentiates the Company's leading position as a one-stop source of supply for high-reliability electronic products and services. We look forward to continuing to work with management to identify additional opportunities to drive growth at Micross," Simon Lonergan, Behrman Capital Managing Partner.