Integrated Communications Management
FOR IMMEDIATE RELEASE
VETTE CORP ACQUIRES ERM THERMAL TECHNOLOGIES, INC.
ACQUISITION EXPANDS VETTE'S MANUFACTURING & THERMAL COOLING PRODUCT LINE LEADERSHIP
Manchester, NH - September 12, 2006 - Vette Corp, a leading global provider of thermal management solutions, has acquired ERM Thermal Technologies, Inc., of Ontario, New York. The acquisition continues Vette's growth towards becoming the leading manufacturer and global supplier of total thermal solutions for the computer and industrial electronics markets, with extensive manufacturing, engineering and supply chain logistics. Terms of the acquisition were not released.
According to Vette's President and CEO George Dannecker, "ERM is a good fit with Vette's product and customer service strategies. The acquisition gives Vette Corp the manufacturing capabilities for liquid cooled and bonded fin heat sinks required for cooling high power electronics. These applications include RF power, x-ray and medical equipment, solar power, hybrid electric cars, trains, escalators and people movers. The acquisition continues our commitment to manufacture the broadest and most complete family of thermal cooling solutions for our customers around the globe and is a perfect complement to our high-volume, low-power solutions provided by our China-based manufacturing.
"ERM's customers gain access to a broader portfolio of thermal solutions and global supply chain support with the market advantage of the lowest landed cost for their thermal solutions that comes from working with the only global thermal solution provider that owns and operates all of its manufacturing operations," Dannecker concluded.
Thermal Management Continues to Grow
The power semiconductor electronics market includes power supplies and uninterruptible power supplies, motor controls, and traction drives in applications such as telecommunications, industrial controls, power conversion, transportation, alternative energy and aerospace.
Leading analyst firms expect the worldwide electronic thermal market to grow by 8.8% annually for the next two years (estimated at $4.4 billion for 2006) with thermal solutions for power electronics representing a $2.2 billion market. Vette's thermal management technologies remove heat that diminishes the performance of electronic products in an increasingly wide array of industries. Heat dissipation problems in electronic components and systems increase as more powerful computer chips, increased system integration, smaller form factors, and more sophisticated power requirements continue to be driven by consumer demands.
About Vette Corp.
Vette Corp is a global thermal management solutions provider specializing in solving thermal challenges for the leading OEMs in both the computer and industrial electronics industries. As electronic systems increase in functionality and complexity, heat-related factors have a greater impact on product development cost and time-to-market. Vette maintains a growing IP portfolio; design and applications engineering in Asia and North America; extensive Asian manufacturing and a customer list of blue-chip electronics manufacturers.
With high-volume, Asian-based heatsink and fan manufacturing coupled with advanced applications and design teams; Vette Corp offers their global customers the lowest-cost, highest-quality solutions for their most complex thermal problems. For more information, visit www.vettecorp.com
Download September 12, 2006 Press Release
| Donna Michael
Director of Global Marketing Communications
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