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Qnnect Acquires Hermetic Solutions Group
November 4, 2022 | PRNewswireEstimated reading time: 1 minute
Qnnect, a portfolio company of Arcline Investment Management, today announced the acquisition of Hermetic Solutions Group (HSG), expanding Qnnect's offerings into hermetic packages and augmenting its existing portfolio of specialty interconnect solutions.
HSG designs and manufactures highly engineered, mission-critical electronic solutions to protect, preserve, and facilitate electronic signal generation and transmission. With the acquisition, Qnnect adds HSG's seven industry-leading brands: Cristek Interconnects, FilConn, Hi-Rel Group, Litron, PA&E, Sinclair, and Zet-Tek Manufacturing.
For decades, HSG companies have delivered custom, turnkey solutions to their customers, leveraging proprietary technologies, best practices engineering, and specialized manufacturing. Their products support high-performance applications, requiring exceptional reliability under extreme conditions. HSG retains long-standing positions on growing platforms in the aerospace, defense, space, energy, medical, and optical networking end markets.
"Our strategy is to acquire industry-leading manufacturers of connectivity solutions whose technology and customer relationships bring significant long-term growth potential to Qnnect." said Kevin Perhamus, CEO of Qnnect. "HSG's differentiated hermetic solutions and position on premier U.S. defense platforms further cement Qnnect as a leading supplier of critical connectivity solutions. We're excited to welcome the HSG team to our growing portfolio and look forward to working together to best serve our customers."
Evercore served as financial advisor to Qnnect.
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