Molex Announces Acquisition of Polymicro Technologies, LLC.
July 24 2007 - 5:00PM
Business Wire
Molex Incorporated (NASDAQ:MOLX)(NASDAQ:MOLXA), a global electronic
components company, today announced that it has completed its
acquisition of Phoenix, Arizona-based Polymicro Technologies, LLC.
This acquisition is not financially material to the results of
Molex and terms of the transaction were not disclosed. Polymicro
Technologies, LLC manufactures silica capillary tubing and
specialty optical fibers, optical fiber and capillary assemblies,
discrete micro components and quartz optical fiber ferrules. It
offers a total manufacturing solution, providing initial product
design, product & process development, prototyping & beta
trials and volume production. Industries served include analytical,
medical, aerospace, military, manufacturing, telecommunication and
communication. According to Michael Nauman, President, Global
Integrated Products Division, Molex Incorporated, this is a
strategic acquisition that will help Molex boost its share of the
global fiber optic assemblies market. �Polymicro Technologies
products and capabilities will expand Molex�s fiber optic offerings
in key markets that include medical, military and
telecommunications,� said Nauman. �With more than 20 years in these
growing markets, Polymicro Technologies is a respected industry
leader with a strong customer base and an excellent group of
talented and experienced people. With Molex�s global resources we
are confident that together we will grow even faster in key markets
in the global fiber optics industry.� According to Gary Nelson,
Polymicro Technologies, LLC President and General Manager,
Polymicro also offers Molex penetration into the analytical,
genomic, and biotechnology markets that use optical fiber, micro-
components, optical fiber ferrules, capillary tubing, and
assemblies. �The combination of Molex�s global footprint and
resources with Polymicro�s technologies will help expand our
offerings globally. The employees and management staff at Polymicro
Technologies are excited to join the Molex family.� Polymicro
Technologies, LLC has been in business since 1984 and employs
approximately 100 people. It will operate as a subsidiary of Molex
Incorporated and will be part of the company�s Global Integrated
Products Division. Molex Incorporated is a 69-year-old manufacturer
of electronic components, including electrical and fiber optic
interconnection products and systems, switches and integrated
products, with 65 plants in 20 countries throughout the world.
Editor�s note: Molex is traded on the NASDAQ Global Select Market
(MOLX and MOLXA) in the United States and on the London Stock
Exchange. The Company�s voting common stock (MOLX) is included in
the S&P 500 Index.
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