EXXELIA ACQUIRES MICROPEN TECHNOLOGIES CORPORATION
Exxelia acquires Micropen Technologies Corporation and adds resistors to its high-reliability passive components portfolio
EXXELIA ACQUIRES MICROPEN TECHNOLOGIES CORPORATION AND ADDS RESISTORS TO ITS HIGH-RELIABILITY PASSIVE COMPONENTS PORTFOLIO
Micropen, Technology Leader in the Deisgn, Development and Manufacture of High Precision Resistors and Special Sensors Joins Exxelia
Exxelia Completes its High-Rel Passive Component Portfolio by Adding Resistors to the Existing Capacitors & Magnetic Product Lines and Expands its Offer to Critical Sensors for the Medical & Security markets
Exxelia Strengthens its Footprint in the USA with a Fourth Manufacturing Facility
Micropen Scales its Business Outside the USEA Through Exxelia's Local Presence, Especially in Europe and Asia
PARIS, France and HONEOYE FALLS, NY, USA, January 6th, 2020 – Exxelia, a leading designer and manufacturer of High-Rel passive components and sub-systems dedicated to severe environments, announced that it has completed, on Dec 23rd, 2019, the acquisition of Micropen Technologies Corporation. Micropen is a well-established designer and manufacturer of high technology resistors, known under the Ohmcraft® brand, serving the medical, defense, space and industrial markets. Micropen also manufactures with the same technology unique special sensors dedicated to the medical and security markets.
Established in 1982 in Honeoye Falls, NY, Micropen Technologies has developed a unique process to print critical functional materials, such as conductive electrodes, precious metals, on various planar or 3D substrates, such as ceramic, plastic and others. This patented system is the core technology for the design and manufacture of Ohmcraft® complete line of resistors as well as some of the world’s most innovative monitoring & stimulating medical sensors.
“We are very excited to welcome Micropen’s talented, engaged and committed team, and very proud to add Micropen’s unique technology under our already extensive portfolio of highly-engineered passive components and sensors. Thanks to this unrivaled process, Exxelia gains a foothold in the high-rel resistors world and enhances its ability to serve as a key product solution provider to customers with mission-critical applications”, said Paul Maisonnier, Chief Executive Officer of Exxelia.
According to Ed Petrazzolo, President & Chief Executive Officer of Micropen Technologies, “Micropen is delighted to now be a part of Exxelia's growth and expanded product offerings. The commonalities between our two companies in culture, engineering, technology and manufacturing excellence are outstanding and we are excited by the global reach that Exxelia offers to our Ohmcraft resistors and Micropen printing capabilities”.
About Micropen Technologies: Micropen Technologies Corporation designs, develops, manufactures and sells a line of custom, high-voltage, high performance thick film resistors and precision electronic components utilizing its proprietary electronic printing system. Micropen’s precision resistor line is marketed under the brand name, Ohmcraft, a recognized leader in custom, high performance resistors for the medical, defense, space, detection and test & measurement markets. The Micropen division is an outsourced product development and manufacturer for the medical device and detection markets. For more Information, visit ohmcraft.com and/or micropen.com
About Exxelia: EXXELIA is a leading global designer and manufacturer of high performance passive components and subsystems. Exxelia’s wide products portfolio includes film, tantalum, ceramic and electrolytic capacitors, inductors, transformers, microwave components, position sensors, slip rings and high-precision mechanical parts. Recognized worldwide for its advanced design and technical expertise, EXXELIA develops both “catalog” and “custom” products exclusively serving high-reliability markets such as aerospace, defense, medical, transportation, telecommunication infrastructure and advanced industrial applications. Additional information can be found at https://exxelia.com
EXXELIA invests in ALCON ELECTRONICS
PARIS, France and NASHIK, India, January 18th, 2022 – Exxelia, a leading designer and manufacturer of high-performance passive components and sub-systems, announces that it has completed the majority acquisition of Alcon Electronics on December 29th, 2021. Alcon is a leading Indian designer and manufacturer of catalog and custom-designed film & aluminum electrolytic capacitors, specifically serving the renewable energy, induction heating equipment, medical imaging, power generation, and railways end markets. Established in 1977 in Nashik, India, Alcon Electronics offers a wide range of film and screw terminal aluminum electrolytic capacitors for power electronic applications. Through continuous innovation and a focus on R&D, Alcon meets the evolving customized requirements and high-quality standards of its products, and enjoys long-standing relationships with both Indian and international clients. Since inception, Alcon has heavily invested in its state-of-the art facility in Nashik, India, becoming a niche-market leader in the country and competing with large international players. With this partnership, Exxelia will benefit from the unique engineering capabilities of Alcon centered around testing & instrumentation equipment, leveraging it extensively within the group. Paul Maisonnier, Chief Executive Officer of Exxelia, said: “We are excited to have Alcon join the Exxelia family! Alcon is an established, niche-market leader with great technology, very talented and committed teams and deep business and technical knowledge. Thanks to Alcon, we significantly strengthen our film and electrolytic product portfolio, and we gain a foothold in India which will allow us to better seize opportunities in this booming region and support our French customers with regards to their offset obligations”. Siddharth Sachdev, Managing Director and Chief Executive Officer of Alcon Electronics, added: “Alcon is delighted to be a part of Exxelia, a human-sized passive component group focused on high reliability products for professional markets. We found ourselves sharing common values and vision and we believe that this combination enhances the capabilities of both groups to serve our combined customer base in film & aluminum electrolytic capacitors both in India and globally.” KPMG India acted as the exclusive financial advisor to the shareholders of Alcon Electronics, and Lincoln International acted as the exclusive financial advisor to Exxelia, for this transaction. On the Legal side, Pioneer Legal, India acted as the legal advisors to Alcon Electronics, and BTG Legal, India acted as the legal advisors to Exxelia. About Alcon Electronics Alcon Electronics is a leading Indian designer and manufacturer of film & aluminum electrolytic capacitors, with a state-of-the art facility in Nashik, India. The company sells 3 main types of film capacitors: IGBT snubber (direct mounting with different terminals styles to suit all types of IGBT modules), DC Link and Power Film capacitors, and is developing a new product line of AC Capacitors. Alcon serves the power electronic industry globally, especially the renewable energy, induction heating equipment, medical imaging, power generation, and railways end markets. Alcon controls every step of product development in-house and is able to supply customers globally with custom-designed capacitors. For more Information, visit alconelectronics.com