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JULY 25, 2007 -- Molex Inc. (search for Molex) says it has completed its acquisition of Phoenix, AZ-based Polymicro Technologies, LLC. Molex says the acquisition is not financially material to its results. Terms of the transaction were not disclosed.
Polymicro 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 package, providing initial product design, product and process development, prototyping and 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 of Molex, 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's 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 has been in business since 1984 and employs approximately 100 people. It will operate as a subsidiary of Molex and will be part of the company's Global Integrated Products Division.
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