Aavid Corp, a portfolio company of the Audax Group, has acquired Kunze-Folien GmbH. Financial terms weren’t announced. Based in Oberhaching near Munich, Germany, Kunze designs, makes and integrates thermally conductive films, heat sinks, and transistor clips in power and other electronic environments.
BOSTON, May 20, 2015 /PRNewswire/ — Aavid Corporation (“Aavid”) announced it has acquired Kunze-Folien GmbH (“Kunze”). Based in Oberhaching near Munich, Germany, Kunze specializes in the design, manufacture, and integration of thermally conductive films, heat sinks, and transistor clips in power and other electronic environments. Additionally, Kunze provides lamination, thermal conductivity, IR analysis, and design simulation services associated with its products.
Aavid, founded in 1964 and headquartered in Laconia, New Hampshire, through its global network of manufacturing and design centers, provides a broad range of technologically advanced thermal management solutions for telecommunication, enterprise-class computers, consumer electronics, transportation, and industrial applications to customers all over the world. Aavid is a portfolio company of Audax Group, a leading investor in middle market companies, which has over $6 billion in assets under management across its Private Equity, Mezzanine, and Senior Debt businesses.
Alan Wong, Chief Executive Officer of Aavid, said, “Kunze is a technology and market leader in the thermal conductive film marketplace and over the past 30 years has created a reputation for innovation, reliability, and world class customer service. Kunze’s technology solutions will further expand Aavid’s products and services to the benefit of our customers. We are excited to have the Kunze team join Aavid. Additionally, Aavid plans to open a design center in Oberhaching to better serve our European customers.”
Wolfgang Reitberger-Kunze, Managing Director of Kunze, said, “Joining Aavid will allow our products and technology to expand globally to serve the growing needs of worldwide electronics markets. Our products are uniquely designed to improve the increasing requirements for effective thermal management solutions. We are pleased to partner with the Aavid team to expand our business geographically and across new markets.”
Contact: Dean Gilliam, Vice President, Aavid Corporation, 1-603-223-1814
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SOURCE Aavid Corporation