Laird Acquires NextremeFebruary 14, 2013
The purchase expands Laird’s thermal management product portfolio and provides the company with wider market access to application areas such as sensors, solar power, and LEDs.
St. Louis, Missouri -- Laird Technologies Inc., a global leader in the design and supply of customized performance-critical components and systems for advanced electronics and wireless products, announces the acquisition of Nextreme Thermal Solutions Inc., a U.S.-based developer of thin-film thermoelectric technologies.
Nextreme's innovative technology, delivering high-precision cooling in an ultra-small form factor, will advance Laird's leadership in its existing thermal management business. This is particularly beneficial as devices become smaller and more compact. Nextreme and Laird currently have a strategic design and distribution partnership, but the acquisition enables wider market access to serve current and potential new customers in application areas such as sensors, solar power and LEDs. In addition, Laird provides the ability to rapidly scale-up Nextreme's operations to exploit the full potential of next generation products.
Commenting on this acquisition, Chief Executive David Lockwood said, "Nextreme is the next generation in technology for thermoelectrics. It can fundamentally change the way we cool electronics at the most integrated levels while being produced in large volumes. This significant shift in technology will also enable new applications such as energy harvesting.
Nextreme is an excellent fit with our business growth strategy. Through this acquisition, we will combine the most innovative technology with our market presence and ability to scale operations, to deliver added value to our customers and enable us to move into new segments."
About Nextreme Thermal Solutions
Nextreme Thermal Solutions Inc. is a leading manufacturer of thin-film thermoelectric modules and subsystems for growing markets worldwide. Micro-scale form factors, high power-pumping capabilities, and a high-volume semiconductor manufacturing process enable low-cost, high-performance thermal management and energy harvesting solutions.
About Laird Technologies
Laird Technologies Inc. is a global technology company focused on providing components and solutions that protect electronic devices from electromagnetic interference and heat, and that enable connectivity through wireless applications and antenna systems.
Custom products are supplied to all sectors of the electronics industry, including the handset, telecommunications, data transfer and information technology, automotive, aerospace, defense, consumer, medical, mining, railroad, and industrial markets. Laird Technologies, a unit of Laird PLC, employs more than 9000 employees in more than 46 facilities, located in 16 countries.
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