Munich, Germany and San Jose, California– Infineon Technologies has announced that Micross Components has entered a definitive agreement to purchase Infineon’s HiRel DC-DC converter business. Including its hybrid and custom board-based power products. This sale will enable Infineon to extend its focus and investments on core semiconductor developments. Additionally, deemphasizing businesses that require more customized product offerings for the high-reliability industry. The deal is expected in the first quarter of calendar year 2023.
“Infineon is pleased to have reached an agreement with Micross to provide a more strategic home for our HiRel DC-DC converter business,” said Bob LeFort, President of Infineon Technologies Americas. “We believe this sale is in the best interest of both companies; our customers, employees, and shareholders. This transaction enables Infineon to remain focused on the HiRel business areas that benefit from Infineon’s leading semiconductor technologies. We look forward to working with Micross to ensure a seamless transition for our customers and employees.”
Vince Buffa, Chairman and CEO of Micross, said, “We are pleased to have reached an agreement with Infineon on their HiRel DC-DC converter business and to have the opportunity to partner with their highly experienced team which further expands Micross’ design capabilities. Together, we plan to pursue a number of compelling opportunities to further realize our exciting growth prospects.”
The HiRel DC-DC converter business is a leading provider of high reliability DC-DC power conversion solutions. They are suitable for the toughest environments, including outer space, and will operate under the Micross Hi-Rel Products business segment. Moreover, these DC-DC converter products are complete power solutions, including main power converter, control circuits, filters and housing.
