[Image: Andrey Suslov/iStockphoto]
Exponential Technology Group announced it has agreed to buy Braemac Pty Ltd., an Australia-based specialist in product design, development, testing, and the supply of semiconductors, systems, and electronic components.
“We welcome the Braemac team to the XTG family of companies,” Glenn Smith, acting president of the Exponential Technology Group, said in a statement.
“Braemac brings a very experienced management team and a business model that fits extremely well into XTG’s vision of helping engineers solve technical problems as well as having the experience and expertise to design a customer’s smart product from scratch, and then managing the bill-of-materials and supply chain through production,” Smith said.
Smith is the longtime president and CEO of Mansfield-based Mouser Electronics, XTG’s parent company.
The Exponential Technology Group was created to provide customers a specialty semiconductor supply chain option formed in the ethical and hardworking spirit they are accustomed to from TTI and its subsidiaries. XTG joins TTI, Mouser Electronics and Sager Electronics in the TTI Family.
Part of the Berkshire Hathaway family of companies
Exponential Technology Group, an independent member of the Mouser and TTI family of companies, is a collection of companies specializing in designing products and supplying semiconductors and electronic components that enable smart electronic systems in automotive, medical, wireless, industrial, and IoT, the company says.
As a subsidiary of TTI Inc., Mouser and XTG are part of the Berkshire Hathaway family of companies run by billionaire Warren Buffett.
Mouser is a global authorized distributor of semiconductors and electronics components and is considered a world leader in the introduction of new products with the widest selection of in-stock products for new designs.
“The Exponential Technology Group is a great fit for Braemac. Companies within XTG maintain their own areas of expertise and focus while collaborating within the group to deliver new technological solutions globally,” said Braemac President Jonathan Mitchell in a statement.
Braemac, based in Sydney, Australia, has 17 offices globally and offers support from design through to product realization, driving innovation with industry-leading semiconductor and electronic component partners providing extensive design and supply chain management expertise, according to the news release.
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