Vette Corp. recently acquired China-based EUMAX. With the acquisition of EUMAX, known primarily as a heatsink and fan manufacturer for the computer industry, Vette enters the global market in thermal management with a portfolio of 21 patents; design and applications engineering in Asia and North America; and a customer list of blue-chip electronics manufacturers. Terms of the transaction were not released.
According to Vette's CEO George Dannecker, “Acquiring EUMAX fits our model of providing world-class, high-volume supply of thermal solutions to the global computer and power electronics industries with localized prototyping and pre-production facilities to ensure high-quality customer support.”
“In addition to expanding our manufacturing capabilities, this acquisition gives us additional technology evaluation bandwidth, which is critical to our continued acquisition and aggressive partnering with cooling technology companies to provide our customers the complete thermal solution,” Dannecker concluded.
Vette Corp. recently concluded a Series A round of financing, co-led by General Catalyst Partners and seed investor Kodiak Venture Partners, bringing Vette¹s total funding to $9.4 million. The company had stated that the capital would be used for global expansion.
For more information, visit www.vettecorp.com.