Miba acquires producers of power electronics components
September 2, 2010
Miba AG, headquartered in Laakirchen, Austria, recently announced the acquisition of EBG and DAU, producers of power electronics components. The companies, which generate annual sales of EUR 30 million, have production sites at two locations in Styria , Austria.
EBG and DAU are innovative specialists in passive electronic components such as resistors and cooling systems for power electronics. The hitherto family-owned companies employ around 130 people at their Kirchbach and Ligist sites in Styria.
“In acquiring these companies Miba is continuing with its growth strategy. This is a move into a new area of technology and products with enormous potential for the future, and constitutes active investment in a major trend – energy. High-performance components for power electronics are a key to more efficient drive systems and the steadily growing use of renewable energy sources such as wind power,” explains Miba CEO Peter Mitterbauer.
EBG is a specialist in passive electronic components. At its Kirchbach site in south-east Styria it develops and produces precision high-voltage, high-performance resistors. EBG has operations all around the world, and its client list includes a number of major power electronics groups. In development and production, the company focuses on technologically advanced niches and special applications and is valued by its clients as a high-quality, high-end partner.
DAU is an internationally known development partner and provider of thermal solutions such as air-cooled and liquid-cooled heat sinks and heat pipes. It develops high-performance heat sinks for power semiconductors used to control for example engines and electrical drive systems.
PM sales up 57%
Miba recently reported a 32% increase in group sales to €98 million in the first quarter of 2010-2011 taking sales almost back to the strong first quarter of 2008. PM Sales in this quarter totalled €41.5 million, up by 57.1%. The company also reports strong growth in new orders which totalled €160 million – a gain of 13.2% on the previous business year.