MANHASSET, N.Y. -- Apex Microtechnology, Inc., which Cirrus Logic acquired in July 2007, has been re-established as a stand-alone corporation as the result of Cirrus Logic selling its Tucson-based Apex Precision Power business unit for $26 million to a group of private investors led by Alerion Capital.
During its five-year, Cirrus Logic tenure, the Apex Precision Power business unit added precision voltage references to complement its existing power operational and pulse width modulation (PWM) amplifiers.
The company has more than 300 product models in its catalog of off-the-shelf component solutions.
The Apex Microtechnology brand has a long-standing reputation as an innovator in the design and manufacturing of high-power analog microelectronics that help customers work with the inherent electrical and thermal management issues of end-use circuitry requiring power levels of up to 50 A and 1200 V.
These devices are typically used to generate motion control, such as driving piezo electrical devices, and brush and brushless DC motors. Target application markets include high-reliability industrial, test and measurement, medical, aerospace and defense.
“As always, Apex will focus its resources on evolving the technical design expertise needed to keep the company poised as an industry innovator,” said Greg Brennan, president and chief executive officer.
Apex Microtechnology will continue design engineering and manufacturing operations at its headquarters 50,000 square-foot facility which includes a 20,000 square-foot Class 5 clean room. The company will retain more than 80 employees.
Cirrus Logic actually purchased Apex Microtechnology for $42 million in 2007, and this most recent transaction is about the sale of the hybrid product line from the Apex Precision Power business unit within Cirrus Logic, creating Apex Microtechnology once again. The remaining product lines from the Apex Precision Power business unit will remain a part of Cirrus Logic.
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