Exponential Technology Group acquires Sydney-based Braemac
Exponential Technology Group (XTG) has reached a definitive agreement to acquire Braemac Pty Ltd., a specialist in product design, development, testing and the supply of semiconductors, systems and electronic components. The financial terms of the deal have not been disclosed.
Braemac is based in Sydney, Australia, with 17 offices globally. It offers support from design through to product realisation, driving innovation with semiconductor and electronic component partners providing extensive design and supply chain management expertise. Glenn Smith, acting President of XTG, said Braemac brings an experienced management team and a business model that fits well into XTG’s vision of helping engineers solve technical problems as well as having the experience and expertise to design a customer’s smart product from scratch, and then managing the bill of materials and supply chain through production.
XTG’s parent company, Mouser, is a global authorised distributor of semiconductors and electronics components. As a wholly owned subsidiary of TTI Inc., Mouser and XTG are part of the Berkshire Hathaway family of companies.
“The Exponential Technology Group is a great fit for Braemac. Companies within XTG maintain their own areas of expertise and focus while collaborating within the group to deliver new technological solutions globally,” said Jonathan Mitchell, President of Braemac.
Braemac was advised by Allier Capital and Norton Rose Fulbright Australia. XTG advisors in Australia were the law firm Clayton Utz and PwC.
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