The private equity firm Behrman Capital on Tuesday said its portfolio company Data Device Corporation (DDC) has agreed to acquire the Microelectronics Business of Maxwell Technologies [MXWL] for $21 million in cash.
Behrman said that the acquisition is complementary to DDC’s existing space solutions capabilities.
DDC designs and manufactures connectivity, power and control solutions for aerospace, defense and industrial applications. Maxwell’s Microelectronics Business develops and manufactures space-qualified microelectronics solutions for satellites and space craft, including radiation-hardened single board computers and components such as high-density memory and power modules.
The acquisition “greatly expands DDC’s solutions capabilities for the space industry and other markets requiring radiation hardened solutions,” Vincent Buffa, president and CEO of DDC, said in a statement. “We are all very excited about the addition of the Microelectronics Business 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.”
The deal is expected to close later this month.