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.
- 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.
- Adding Infineon's DC-DC converter Business to Micross' platform further differentiates and adds significant IP to 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."
- Vince Buffa, Chairman and CEO of Micross, said, "We are delighted to partner with this experienced team which further expands the Micross team's design capabilities.