Cooling Specialist Acquires Components Provider
May 28, 2008 3:37 PM
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Waytronx, the San Diego-based provider of openly licensable advanced systems cooling solutions, has acquired CUI, the Tualatin, Ore.-based provider of electronic components including power supplies, transformers, converters, connectors and industrial controls. Effective immediately, CUI will become a wholly owned subsidiary of Waytronx.
Matthew McKenzie will continue as the president of CUI, Inc. and assume the role of chief operating officer of parent company Waytronx. William Clough will remain as president and CEO of Waytronx, and assume the role of CEO of CUI. The company does not expect any organizational changes to CUI’s operations in the U.S., China or Sweden.
According to the vendor, the acquisition offers significant synergies for revenue growth. CUI’s expertise in power technology combined with the thermal dissipation architecture from Waytronx offer design engineers a comprehensive solution set for the next generation of high power applications that must operate at higher temperatures. Also, CUI’s manufacturing relationships and R&D infrastructure will accelerate the commercialization of the Waytronx architecture, incorporating a variety of designs to address intense heat in electronic systems.
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