A private investor group led by The Courtney Group and Pegasus Capital Group has announced that they have acquired Plansee TMS, a San Diego-based provider of thermal management device packages and assemblies, from the Austrian Plansee Group. The business will now be known as Santier and will continue to operate out of its facilities in San Diego, California and be led by its current President & CEO Vimal Dutt.
“We are very pleased to acquire Plansee’s thermal management solutions business as it perfectly fits our business model of investing in growth-oriented, mid-sized manufacturing companies with strong leadership teams, proven technology and a customer-centric solutions focus,” stated Thomas W. Courtney, Jr., President, The Courtney Group. “We look forward to supporting its continued growth by investing in new equipment, systems and capabilities while looking for complementary acquisitions.”
Bernhard Schretter, President of Plansee SE, stated, “In recent years, the focus of the PTMS activities has shifted away from the core competencies of the Plansee Group. Therefore Plansee SE was looking for a new owner who is able and willing to further develop this promising business much better than we can do. We wish Santier much continued success under its new ownership.”
Founded in 2003, Santier has produced more than 2 million W-Cu and Mo-Cu components, device packages and assemblies using patented Powder Metallurgy technology for leading companies in the aerospace, defence, telecommunications and medical markets.
Posted by: Paul Whittaker, Editor ipmd.net, [email protected]