DDC to Acquire Microelectronics from Maxwell Technologies
Data Device Corporation today announced that it has entered into an agreement to expand its space market capabilities and product offering with the planned acquisition of the microelectronics group from Maxwell Technologies, Inc.. Gross proceeds from the transaction are expected to be $21 million in cash. The purchase price is subject to working capital and closing transaction adjustments. The sale transaction is expected to close by the end of April 2016, subject to customary and negotiated closing conditions.
Maxwell microelectronics has provided space-qualified radiation-tolerant and radiation-shielded products, including semiconductors and single-board computers, to the space industry for more than two decades. Maxwellâ€™s radiation mitigated power modules, memory modules and single board computers incorporate powerful commercial silicon for superior performance and high reliability in aerospace applications. Maxwell microelectronics specializes in understanding the radiation performance of commercial semiconductors, qualifying selected components for use in space, integrating them with proprietary radiation mitigation technologies, and manufacturing and screening these products in their DLA approved MIL-PRF-38534 facility.
DDC has served the space industry for more than 3 decades, is approved as a supplier by NASA, ESA and JAXA, and is certified by DLA to the highest quality level for hybrid microcircuits, Class "K". DDC provides space qualified MIL-STD-1553 Data Bus Interfaces, Motion Feedback and Motor Drive and Controller solutions.
Vincent Buffa, President and CEO of DDC, stated, "The acquisition of Maxwell Technologiesâ€™ microelectronics group greatly expands DDCâ€™s solution capabilities for the space industry and other markets requiring radiation hardened solutions. We are all very excited about the addition of Maxwell microelectronics to the DDC family and the resulting value that our combined best-in-class connectivity, power and motion control solutions will provide the space industry.â€