Molex acquires INCEP(R) Technologies
Sep 16, 2004
Acquisition of INCEP emphasizes Molex's continued commitment to building its leadership in power delivery solutions Molex Incorporated (Nasdaq: MOLX, MOLXA) announced that it has acquired INCEP Technologies, Inc, a San Diego based company. Founded in 1998, INCEP Technologies provides system-level approaches to power delivery, high-density packaging, and thermal management solutions. Financial terms of the transaction were not disclosed. Molex and INCEP have been in a joint development partnership for the past two years. The two companies have been focusing on developing advanced power delivery solutions for high-performance semiconductors such as microprocessors and communication ASICs. According to Joe King, Vice Chairman and Chief Executive Officer of Molex, INCEP is a strategic acquisition that will boost Molex's share of the market for both power delivery interconnect solutions and also enable it to enter into new system-level markets, leveraging its already well-established leadership in connector, thermal, and manufacturing technologies. "There is a large opportunity to service the market's growing need for complete power delivery solutions -- from the source to the destination," King said. "Major semiconductor manufacturers demand strong, established suppliers who can provide a total solution for their customers. This acquisition gives us an excellent opportunity to strengthen our growing position in power delivery." Molex will incorporate INCEP's assets and programs into its own operations. For information on INCEP products, please visit www.incep.com.
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