Mergers & Acquisition

Laird Technologies Acquires Nextreme Thermal Solutions Technology

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Laird Technologies

16401 Swingley Ridge Rd., Suite 600, Chesterfield, MO, 63017, USA

Original Press Release

Laird Technologies Acquires Nextreme Thermal Solutions Technology

Press release date: February 13, 2013

Purchase Expands Thermal Management Product Portfolio
 
St. Louis, Missouri, USA - Laird Technologies, Inc. (Laird), a global leader in the design and supply of customized performance-critical components and systems for advanced electronics and wireless products, today announces the acquisition of Nextreme Thermal Solutions, Inc. (Nextreme), the US based developer of thin-film thermoelectric technologies.
 
Nextreme’s innovative technology, delivering high precision cooling in an ultra-small form factor, will advance Laird’s leadership in its existing thermal management business. This is particularly beneficial as devices become smaller and more compact. Nextreme and Laird currently have a strategic design and distribution partnership, but the acquisition enables wider market access to serve current and potential new customers in application areas such as sensors, solar power and LEDs. In addition Laird provides the ability to rapidly scale-up Nextreme’s operations in order to exploit the full potential of these next generation products.
 
Commenting on this acquisition, Chief Executive David Lockwood said:
"Nextreme is the next generation in technology for thermoelectrics. It can fundamentally change the way we cool electronics at the most integrated levels while being produced in large volumes. This significant shift in technology will also enable new applications such as energy harvesting."
 
"Nextreme is an excellent fit with our business growth strategy. Through this acquisition we will combine the most innovative technology with our market presence and ability to scale operations, to deliver added value to our customers and enable us to move into new segments."
 
About Nextreme Thermal Solutions, Inc.
Nextreme Thermal Solutions is a leading manufacturer of thin-film thermoelectric modules and sub-systems for growing markets worldwide. Micro-scale form factors, high power-pumping capabilities and a high-volume semiconductor manufacturing process enables low-cost, high-performance thermal management and energy harvesting solutions. For more information, visit www.nextreme.com .
 
About Laird Technologies, Inc.
Laird Technologies is a global technology company focused on providing components and solutions that protect electronic devices from electromagnetic interference and heat, and that enable connectivity through wireless applications and antenna systems.
 
Custom products are supplied to all sectors of the electronics industry including the handset, telecommunications, data transfer and information technology, automotive, aerospace, defense, consumer, medical, mining, railroad and industrial markets.
 
Laird Technologies, a unit of Laird PLC, employs over 9,000 employees in more than 46 facilities located in 16 countries.
 
Contact Information
For additional information, visit http://www.lairdtech.com or contact us at:
Americas: +1-888-246-9050 option 2
Europe: +46-31-704-67-57
Asia: +86-755-2714-1166 x374
e-mail: CLV-customerservice@lairdtech.com  

Translations
Translated versions of this press release are available in Simplified and Traditional Chinese, Japanese, Korean, and German languages.
 
Trademarks
©2013 All rights reserved.  Laird Technologies and its logo are trademarks of Laird Technologies, Inc.  Other products, logos, and company names mentioned herein, may be trademarks of their respective owners.

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