Infineon Technologies completes sale of HiRel DC-DC converter business to Micross
HiRel DC-DC converter business unit
Headquartered in San Jose, California with a facility in Copenhagen, Denmark, Infineon’s HiRel DC-DC power converter business unit provides high-reliability direct current DC-DC converters, including hybrid and custom board-based power products for space, aerospace and other high-reliability customers. The business designs and manufactures proprietary power solutions which operate in the harshest environments.
In 2015, Infineon acquired the International Rectifier Corporation to bolster Infineon’s position as a market leader in power semiconductors and add design and technical expertise. Infineon elected to re-prioritize its focus and investments on core semiconductor products rather than other electronics such as those provided by the HiRel DC-DC converter business. Infineon engaged Lincoln International to manage the divestiture, ensuring value, speed, discretion and certainty to close. 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 expands Micross’ geographic footprint and the company’s presence in the high-growth space end market.
Chaim Lubin, Managing Director in Lincoln’s Technology, Media & Telecom Group, commented, “It’s been a privilege to have represented Infineon in this strategic divestiture. The business supports the highest quality power solutions for high-reliability customers; we’re excited for the team and look forward to following their continued growth with Micross.”
„The Lincoln team’s commitment, hard work and strategic advice were instrumental throughout the sale process. Lincoln provided valuable industry expertise and the senior team’s hands-on approach at each stage of the process enabled us to successfully position the business in market to garner a favorable valuation and to identify an ideal strategic partner.“ – Simone Kallischko, Senior Director M&A at Infineon