Gimv, a private equity firm, completed the acquisition of a majority stake in ERS electronic, a thermal management solutions provider. Financial terms were not disclosed. "The importance of thermal management in the semiconductor manufacturing process continues to grow, leaving us uniquely positioned to capitalize on the rapidly evolving industry to continue to deliver value to our customers. Our choice to partner with Gimv was based on our mutual commitment to excellence and passion for innovation and technology. We are excited to embark with them on a new chapter in ERS's story to realize our shared vision," Laurent Giai-Miniet, ERS electronic CEO.