Acquisition adds resistors to passive components portfolio
Exxelia has announced that it has completed, on Dec 23rd, 2019, the acquisition of Micropen Technologies Corporation. Micropen is a manufacturer of high technology resistors, known under the Ohmcraft brand, serving the medical, defence, space and industrial markets. Micropen also manufactures with the same technology 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.
Paul Maisonnier, Chief Executive Officer of Exxelia, said: “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 unrivalled 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.”
Ed Petrazzolo, President & Chief Executive Officer of Micropen Technologies, added: “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.”