Cirrus Logic (CRUS) Sells Hybrid Product Line for $26 Million to Alerion Capital

August 20, 2012 4:52 PM EDT Send to a Friend
The hybrid product line from Cirrus Logic Inc.’s (Nasdaq: CRUS) Tucson-based Apex Precision Power business unit has been sold for $26 million to a group of private investors led by Alerion Capital, headquartered in Scottsdale, Ariz. In doing so, Apex Microtechnology, Inc., which Cirrus Logic acquired in July 2007, has been re-established as a stand-alone corporation.

The Apex Microtechnology brand has a long-standing reputation as an innovator in the design and manufacturing of high-power analog microelectronics that help customers work with the inherent electrical and thermal management issues of end-use circuitry requiring power levels of up to 50 A and 1200 V.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Corporate News

Add Your Comment