Amantys has announced that Avago, a leading supplier of analogue interface components for communications, industrial, and consumer applications, has invested $5m in the power electronics innovator as part of a strategic investment agreement between the two companies. Amantys Chairman Pete Magowan said: “Attracting Avago as a strategic investor is a significant endorsement of the progress at Amantys and a great match for exploiting our vision for the future of the power electronics industry. The company can now accelerate critical IGBT driver development programmes to enhance our roadmap of innovative, cost effective gate drive solutions.”
As part of the investment, Martin Weigert, Avago’s GM Industrial Fibre Products, will join the Amantys board as a non-executive director.
The announcement came as Amantys unveiled the appointment of Erwin Wolf as Chief Executive Officer.
According to the company Wolf brings a strong track record in leading business ventures and advanced technology teams in the field of power semiconductors and optoelectronics, primarily with Siemens AG and Infineon AG, and most recently as CEO of Azzurro Semiconductors.
Prior to Azzurro he was Vice President Technology in power semiconductors at Infineon, and before that, Managing Director at Infineon Fibre Optik GmbH. His 30 year career also includes the role of CEO at OSRAM Opto Semiconductors Inc. and Vice President of Opto Components at Siemens AG, and global experience including posts in Malaysia and California, as well as his native Germany.
Commenting Magowan said that the appointment would “strengthen the leadership team of Amantys. Erwin has worked in the power industry for many years and brings with him unrivalled experience and relationships within this market. He has already brought an invaluable insight in his role as Non-Executive Director since early 2012, and he now brings that experience to bear as leader of the company.”