Micross to Acquire AEMtec, Expanding European Advanced Packaging

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Micross Components, Inc., a leading provider of high-reliability microelectronic product and service solutions for aerospace, defense, space, medical and industrial applications and a portfolio company of Behrman Capital, announced that it has entered into a definitive agreement to acquire AEMtec GmbH (AEMtec). AEMtec is a leading provider of complex micro- and optoelectronic modules, advanced packaging, test and assembly services for high-reliability applications, headquartered in Berlin, Germany and a portfolio company of Capiton.

The acquisition significantly enhances Micross' presence in continental Europe and further broadens Micross' portfolio of high-reliability microelectronic services and products. AEMtec specializes in delivering end-to-end solutions across the entire packaging and integration value chain—from design, prototyping and industrialization through qualification, series production and lifecycle support. AEMtec's technology portfolio spans wafer back-end services and wafer testing, chip-on-board, flip chip, 3D integration and opto packaging, all performed in cleanroom facilities in Berlin and Dresden, Germany, and Boston, Massachusetts. Its deep expertise in miniaturization and high-precision assembly enables highly reliable solutions for the most demanding customer requirements.

Serving demanding customers across the semiconductor, medical and biotechnology, industrial automation, communications, and aerospace & defense sectors, AEMtec offers customized solutions for complex, mission-critical requirements. The company's reputation for engineering excellence and reliability has made it a trusted, single-source development and manufacturing partner to blue-chip customers bringing innovative, high-performance products to market. AEMtec's management team, led by CEO Robert Giertz, will join Micross as part of the transaction.

Micross' acquisition – the eleventh under Behrman Capital's ownership and seventh since consummating a continuation fund transaction in February of 2022 – continues to build on the strategic priorities for the Company, namely broadening Micross' advanced packaging, photonics and test capabilities. The acquisition also materially expands Micross' manufacturing and engineering footprint in Europe, positions the Company closer to leading European customers, and better positions the Company for future growth opportunities. The acquisition of AEMtec enhances Micross's ability to serve existing customers with advanced optoelectronic packaging capabilities, while expanding its European manufacturing footprint to further support the European defense industrial base.

Jim Cannon, CEO of Micross, said, "We are excited to welcome AEMtec to the Micross family, as their world-class expertise in advanced packaging, photonics and optoelectronics will augment our capabilities and accelerate our ability to deliver cutting-edge solutions to our customers. AEMtec establishes our first scaled foothold in continental Europe, augmenting our existing European facilities in the United Kingdom and Denmark, and positions Micross as a leading supplier of high-reliability microelectronic products and services. Together, we look forward to pursuing new business opportunities and expanding our reach in high-growth markets across Europe and beyond."

Robert Giertz, CEO of AEMtec, said, "We are delighted to join Micross and together capitalize on the significant growth capabilities of both AEMtec and Micross. Our broad technological expertise and end-market exposure strategically align with Micross' capabilities and provide our customers and employees a promising future."

Simon Lonergan, Managing Partner of Behrman Capital, said, "Micross' acquisition of AEMtec enhances the combined company's strategic position in the high-reliability microelectronics market. This acquisition underscores the Company's commitment to a truly global offering of high-reliability products and services, allowing us to access the high potential European market. We look forward to supporting Jim and the management to drive growth at Micross."

Financial terms of the transaction were not disclosed. Completion of the transaction is expected in the second half of 2026, subject to customary regulatory approvals. Harris Williams acted as exclusive financial advisor and Goodwin Procter LLP acted as legal counsel for Micross in connection with the transaction.