Vette Corp Logo
Home   Request a Quote   Contact   


Latest eNewsletter

What's New in the
Vette China Factory
September 2010

About Vette Corp

EDITORIAL CONTACT:
Patrick Riley
Integrated Communications Management
pjriley@icmarcom.com
603.893.6510


FOR IMMEDIATE RELEASE

VETTE CORP. CONTINUES RAPID GROWTH; ACQUIRES SHUN FU METAL PRODUCTS

THERMAL MANAGEMENT SOLUTIONS PROVIDER SOLIDIFIES GLOBAL STATUS

Manchester, NH - December 8, 2004December 8, 2004 - Vette Corp., a global provider of thermal management solutions, today announced its acquisition of China-based Shun Fu Metal Products. The acquisition solidifies Vette's position as a global supplier of heatsinks and fans 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 CEO George Dannecker, "Acquiring Shun Fu gives Vette Corp. a marketleading position in global thermal management solutions. It builds onto our strong front-end global sales and supply chain support operations -- expanding our top-tier engineering and company-owned Asian manufacturing base for fans and heatsinks.

"This was a result of our ongoing efforts to acquire and aggressively partner with cooling technology companies to provide the highest-efficiency heatsinks and the broadest range of manufacturing capabilities to ensure the lowest-cost thermal solutions to the electronics market," Dannecker concluded.

Vette Corp. recently concluded a Series B round of financing, led by venture capital firm 3i and included existing investors Kodiak Venture Partners and General Catalyst Partners, bringing Vette's total funding to nearly $25 million. The company had stated that the capital would be used for global expansion.

Thermal Management Continues to Grow
As electronic systems increase in functionality and complexity, heat-related factors have a greater impact on product development cost and time-to-market. Leading analyst firms expect the worldwide electronic thermal market to grow by 8.8% annually for the next two years (estimated at $3.9 billion for 2003) with heat sinks and fans alone 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 for a mobile and plugged-in lifestyle.

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.

Vette's CEO, George Dannecker, was formerly president of Aavid Thermal Technologies. Ron Borelli, chairman of Vette's board of directors, served as Aavid Thermal's CEO and chairman. Together, Dannecker and Borelli built Aavid Thermal into the world's largest and most profitable heat sink company, bringing the venture from $35 million to more than $300 million in revenues in less than six years. With high-volume, Asian-based heatsink and fan manufacturing coupled with advanced applications and design teams, Vette Corp. offers their global customers the lowestcost, highest-quality solutions for their most complex thermal problems. For more information, visit: www.vettecorp.com.

Donna Michael
Director of Global Marketing Communications
Tel: (+1) 508.804.5509
Email Media Contact


Download December 8, 2004 Press Release

Cooling Solutions for Industry
Communications & Broadcasting
Power & Utility
Process & Discrete Manufacturing
Automotive
Medical
Financial
Education
Government
Healthcare

 

Smart Grid
Energy Transmission
Energy Generation
Storage Options
Power Quality
Energy Efficiency
Demand Response
Electricty
Self-Healing
Green Energy
Solar Power Cooling
Water Power Cooling
Wind Power Cooling
Wave Power Cooling
Data Centers
Downloads
Video
eNewsletters
Knowledgebase
Q & A
Search Topic
Customer Services