Founded in 1986 and based in Biel, Switzerland, CONCEPT is a developer of integrated, energy-efficient drivers for high-voltage IGBT modules. The company’s products are used in a range of high-voltage power-conversion applications including industrial motor drives, renewable energy generation, electric trains and trams, high-voltage DC transmission, electric cars and medical equipment.
Balu Balakrishnan, president and CEO of Power Integrations, said: “Our strategic focus is to offer the most innovative high-voltage power-conversion products across an ever-wider range of power levels and applications. CONCEPT fits perfectly within this strategy. Their innovative products bring integration, reliability and energy efficiency to very high-power applications – the same attributes we bring to lower-power applications.
“CONCEPT’s addressable market, already approaching $500 million, continues to expand with the growth in renewable energy, electric vehicles and high-efficiency industrial motors, and the efficacy of these clean technologies depends on cost-effective, efficient, reliable power electronics like CONCEPT’s market-leading IGBT drivers. These dynamics make CONCEPT an extremely attractive business and an exciting addition to our company.”
Power Integrations to acquire Swiss IGBT drivers company CONCEPT
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