Dallas and Fort Worth, Texas and Sydney –(Business Wire)–Exponential Technology Group (XTG) announced today that it has entered into a definitive agreement to acquire Braemac Pty Ltd., a specialist in product design, development, testing and supply of semiconductors, systems and electronic components. Financial terms of the deal were not disclosed.
Headquartered in Sydney, Australia, with 17 offices worldwide, Braemac provides support from design to product realization, driving innovation with industry-leading semiconductor and electronic component partners, providing extensive design and supply chain management expertise.
“We welcome the Braemac team to the XTG family of companies,” said Glenn Smith, Interim President of Exponential Technology Group. “Braemac brings an experienced management team and a business model that fits well with XTG’s vision of helping engineers solve technical problems and has the experience and expertise to design customers’ smart products from the ground up and then manage the product inventory. Through The materials and supply chain of production.”
There’s more behind these companies – the strength of XTG’s parent company, Mouser Electronics, an authorized worldwide distributor of semiconductors and electronic components, recognized as a global leader in launching new products, providing Widest Selection of Stocked Products. A wholly owned subsidiary of TTI Inc., Mouser and XTG are part of the Berkshire Hathaway family of companies.
Jonathan Mitchell, President of Braemac, said: “The Exponential Technology Group is a perfect fit for Braemac. Companies within the XTG maintain their own areas of expertise and focus while collaborating within the group to deliver new technology solutions globally.”
Braemac was advised by Allier Capital and Norton Rose Fulbright Australia. XTG is advised in Australia by the law firms of Clayton Utz and PwC.
About Index Tech Group
Exponential Technology Group (XTG) is a collection of companies focused on designing products and supplying semiconductors and electronic components that enable intelligent electronic systems in automotive, medical, wireless, industrial and the Internet of Things. XTG operates as an independent member of the Mouser and TTI family of companies. Companies within the XTG Group include BGM Electronic Services, Connected Development and Paragon Innovations as design services companies, as well as RFMW Ltd, Symmetry Electronics, Changnam INT LTD as supply chain specialists and specialty semiconductor distributors. To learn more, visit http://www.xponentialgroup.com/
About Braemac
Braemac is a leading distributor headquartered in Australia with 17 offices worldwide. Braemac provides semiconductors, electronic components, interface products, systems and services related to end product design, manufacturing and product technical support, including single board computers, displays, power supplies, cable assemblies, and value-added product assembly and turnkey products. To learn more, visit http://www.braemac.com