Amantys announces strategic investment from Avago Technologies

Amantys today announced that Avago, a leading supplier of analog interface components for communications, industrial, and consumer applications, has invested $5m in the company.

- 1 Oct 2013

Cambridge, UK October 1st, 2013 - Amantys today announced that Avago, a leading supplier of analog interface components for communications, industrial, and consumer applications, has invested $5m in power electronics innovator Amantys as part of a strategic investment agreement between the two companies.

Commenting on the investment, 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.