Announced
Completed
Synopsis
Behrman Capital-backed Micross Components, a provider of mission-critical microelectronic components and services for high-reliability markets, completed the acquisition of the High-Reliability DC-DC converter business of Infineon Technologies, a semiconductor manufacturer in power systems and IoT. Financial terms were not disclosed. "We are delighted to partner with this experienced team which further expands the Micross team's design capabilities. The acquisition brings significant proprietary IP around power management, combined with state-of-the-art manufacturing capabilities and a product portfolio that is a market leader for the advancement of 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 our exciting growth prospects, all while upholding excellent quality and service to our customers," Vince Buffa, Micross Chairman and CEO.
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