Acquisition Expands Micross’ High-Reliability Power Management Solution Capabilities
MELVILLE, N.Y., Jan. 10, 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 signing a definitive agreement to purchase the High-Reliability DC-DC converter business (the “Business”) of Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY), a global semiconductor leader in power systems and IoT. The deal is expected to close in the first quarter of calendar year 2023.
Headquartered in San Jose, California with a facility in Copenhagen, Denmark, the 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 which operate in the harshest environments.
Micross’ acquisition – the eighth under Behrman Capital’s ownership and fourth since consummating a continuation fund transaction in February of 2022 – continues to build on the 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…
