Eltek Semiconductors bought by Micross
Eltek has a long history of service to the high reliability semiconductor marketplace, demonstrating innovative and creative engineering expertise and has facilities in Dartmouth and France.
Micross is a global provider of distributed and speciality electronic components for military, space, medical, and demanding industrial applications. It also has UK sites in Crewe and Oldham.
The financial value of the takeover was undisclosed.
Micross was advised by Ashton KCJ, led by corporate solicitor Matthew Downing. He was assisted on the transaction by associate Mark Watson, paralegal Whitney Leveridge, trainee solicitor Jessica Piper, commercial property solicitor Howard Bailey and employment partner Ross Strowger.
Matthew Downing said: “It has been an absolute pleasure advising the team at Micross. The acquisition of Eltek Semiconductors complements the existing business extremely well and also provides a number of exciting new opportunities to be explored by the company going forward.”
Micross managing director Ben White added: “Eltek’s track record of engineering innovation and really talented engineering team strengthens Micross’ ability to bring original solutions to our customers, and on behalf of our suppliers.
“We are very excited to welcome them to the Micross group of companies.”