Semiconductor supplier Braemac joins Exponential Technology Group

Glenn Smith, acting President of the Exponential Technology Group

Exponential Technology Group (XTG) reached a definitive agreement to acquire Braemac Pty Ltd., a specialist in product design, development, testing, and the supply of semiconductors, systems, and electronic components. Braemac is based in Sydney, Australia, with 17 offices globally and offers support from design through to product realization, driving innovation with semiconductor partners providing extensive design and supply chain management expertise.

What does the acquisition mean for XTG?

“We welcome the Braemac team to the XTG family. Braemac brings a very experienced management team and a business model that fits well into XTG’s vision of helping engineers solve technical problems as well as having the experience and expertise to design a client’s smart product from scratch, and then managing the bill-of-materials and supply chain through production,” said Glenn Smith, acting President of the Exponential Technology Group.

Behind these companies lies even more – the strength of Exponential Technology Group’s parent company, Mouser Electronics, a global authorized distributor of semiconductors and electronics components, recognized as the world leader in the introduction of new products with the widest selection of in-stock products for new designs. As a wholly-owned subsidiary of TTI Inc., Mouser and XTG are part of the Berkshire Hathaway family of companies.

What does the acquisition mean for Braemac?

According to Braemac President Jonathan Mitchell, “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.”

Braemac was advised by Allier Capital and Norton Rose Fulbright Australia. XTG advisors in Australia were Clayton Utz and PwC. The financial terms of the deal were not disclosed.