Expanding its business in high-reliability electronics, Micross Components has acquired PAAL Technologies, a provider of magnetic components for military and aerospace markets, and also picked up part of Semtech Corporation.
PAAL supplies military-standard data bus couplers, harness assemblies and RF/Wideband transformers. Their products are highly engineered, with a meticulous understanding of high frequency magnetics, and extensive experience serving the space requirements of the military primes and system level contractors, the company says.
“We are excited to join the Micross family, enabling us to provide our valued customers with a direct sales channel and support organization that is focused on high-reliability solutions. I am confident that engineering designers, as well as program and procurement managers will benefit from the extensive capabilities, resources, and new product lines available from our combined organization,” said Estro Vitantonio, president of PAAL when the deal was announced in May.
“The acquisition of PAAL Technologies will expand Micross’ market-leading portfolio of high-reliability microelectronic solutions, delivering synergies that will benefit our high reliability customers,” said Vincent Buffa, chairman and CEO of Micross. “Micross is uniquely positioned to provide customers with greater value by leveraging our diverse portfolio of products and services to meet all their microelectronic program and operational needs, including fully integrated packaged components and kitted solutions.” The deal with Semtech, a supplier of analog and mixed-signal semiconductors including power management ICs, was also made in May and involved acquiring its high-reliability discrete diodes and assemblies business.
Since then, on July 7, Micross announced that Vitantonio will become general manager of Micross Hi-Rel Diodes and Data Bus Couplers & Harness Assemblies and that Michael Agic has been named general manager of Micross Hi-Rel Components. Both will operate out of Micross’ Center of Excellence in Apopka, Florida.
Micross, based in Melville, New York, is a portfolio company of Behrman Capital headquartered in New York City. Buffa is also an operating partner of Behrman. Previously, he was president and CEO of Data Device Corporation, a former Behrman portfolio company until its $1 billion sale in 2016. For more info, see www.micross.com.