Molex acquires Polymicro Technologies
August 2, 2007 -- Molex expects the acquisition to boost its share of the global fiber-optic assemblies market.
August 2, 2007 -- Molex Inc. recently announced that it has completed its acquisition of Polymicro Technologies, LLC (Phoenix, AZ). According to a press release, the acquisition is not financially material to the results of Molex and terms of the transaction were not disclosed.
Polymicro Technologies manufactures silica capillary tubing and specialty optical fibers, optical fiber and capillary assemblies, discrete micro components, and quartz optical fiber ferrules. According to Molex, Polymicro offers a total manufacturing solution, 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.
Molex says it expects the strategic acquisition to boost its share of the global fiber-optic assemblies market. The acquisition also offers Molex penetration into the analytical, genomic, and biotechnology markets that use optical fiber, micro-components, optical fiber ferrules, capillary tubing, and assemblies.
"Polymicro Technologies products and capabilities will expand Molex's fiber-optic offerings in key markets that include medical, military and telecommunications," comments Michael Nauman, president of Molex's Global Integrated Products division. "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."
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.
"The combination of Molex's global footprint and resources with Polymicro's technologies will help expand our offerings globally," says Gary Nelson, president and general manager of Polymicro Technologies. "The employees and management staff at Polymicro Technologies are excited to join the Molex family."