Amantys Sells Assets and Intellectual Property
Amantys Ltd. and Maschinenfabrik Reinhausen GmbH (MR) announced that with immediate effect MR has purchased all of the assets and intellectual property (IP) of Amantys. The acquisition of the product line and IP of one the most innovative players within the power electronics market forms a perfect fit into the long term technology strategy of the Reinhausen Group. "Our priority is to reestablish the operating business of Amantys to continue to supply premium gate driver products to customers. The team will also progress the technology development in the field of IGBT drivers. MR has installed a transition manager in Cambridge, who is working together with former members of the Amantys team," according to a written statement from MR.
MR intends to set-up a new legal entity in the UK as a wholly foreign owned company. Additional information will be forthcoming next week. There will be a MR/Amantys stand at PCIM in Nuremberg. Based in Regensburg, Germany, MR and its 30 subsidiaries around the world enjoys success in the global niche markets of electrical energy technology. The company, founded in 1868, is mainly family-owned and is now managed by the fifth generation of the family.
In the 2014 fiscal year, 3,000 employees produced a turnover of 650 million Euros. 50 % of the electrical power consumed around the world is regulated by MR products. Beside Transformer Control Technology, MR is also active in the field of Power Quality Solutions and High Voltage Test Facilities from HIGHVOLT.