News Article

Aavid Thermalloy Announces the Acquisition of Nuventix
Date: Jul 01, 2014
Source: Company Data ( click here to go to the source)

Featured firm in this article: Nuventix Inc of Austin, TX

BOSTON, MA - July 1, 2014 - Aavid Thermalloy ("A avid") announced it has acquired Nuventix. Headquartered in Austin, Texas, Nuventix desig ns, manufactures and dist ributes fanless thermal management solutions, including its patented Synj et technology, for LED lighting applications.

Aavid, headquartered in Laconia, New Hampshire, designs, manufactures, and distributes thermal management solutions, including heat sinks, heat pipe assemblies, and cold plates for telecommunications, server, consumer electronics, tr ansportation, and industrial applications. Aavid sells its products through its global sales force, distri butor network, and e-commerce platform. Aavid is a portfolio company of Audax Private Equity, a leadi ng investor in lower-middle market companies.

Alan Wong, Chief Executive Officer of Aavid said, "Aavid is very excited to be joining forces with Nuventix. Nuventix has developed cutting edge thermal management technologies and products since its inception. Their focus on product development and gl obal customer service is a great fit with Aavid's strategy. We look forward to growing Nuventix by leveraging its technology portfolio to create innovative solutions for our electronics and telecommunications customers."

Jim Balthazar , President of Nuventix, said "Partnering wi th Aavid and Audax provides Nuventix with additional resources to continue supporting our customer s' growth globally. We look forward to working with Aavid and Audax as we continue to build the company."

KPMG served as financial advisor, and Fredrikson & By ron, P.A. served as legal counsel, to Aavid.

Alan Wong - CEO, Aavid Thermalloy (603) 223-1975