TechnoFusion sold to International Rectifier

Wednesday, 24 April, 2002

International Rectifier Corporation, based in the USA, and Royal Philips Electronics of the Netherlands, has announced the sale of TechnoFusion GmbH, a maker of power generation systems for automotive electronics, to International Rectifier (IR).

Completion of the $US50 million all cash transaction is planned to take place during the current quarter, subject to closing conditions including regulatory approval.

TechnoFusion manufactures integrated regulator micro-electronic modules for the global automotive industry. Its products are used in automotive alternators.

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