Monday, August 6, 2007

Molex Buys Polymicro Tech

LISLE, Ill., July 26, 2007 -- Electronic components company Molex Inc. announced it has acquired Phoenix, Ariz.-based Polymicro Technologies LLC. Terms were not disclosed.

Polymicro makes silica capillary tubing and specialty optical fibers, optical fiber and capillary assemblies, discrete microcomponents and quartz optical fiber ferrules. It also provides initial product design, product & process development, prototyping and beta trials and volume production services for analytical, medical, aerospace, military, manufacturing, telecommunication and communication markets, with the potential for entry into the analytical, genomic and biotechnology markets, Molex said.

Polymicro has been in business since 1984 and employs approximately 100. It will operate as a subsidiary of Molex Inc. as part of its Global Integrated Products Div. A Molex spokesperson said all of Polymicro's work force will remain at its Phoenix facility and that its operations "will be business as usual."

Michael Nauman, president of the Molex division, said the acquisition will help boost its share of the global fiber-optic assemblies market.

Molex products include electrical and fiber optic interconnection products and systems, switches and integrated products. It has 65 plants in 20 countries.

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