Hypertac announces that Smiths Interconnect, a division of global technology business Smiths Group, has completed the $185 million purchase of Interconnect Devices, Inc. (IDI), a leading designer and manufacturer of probe technology for use in industrial and semiconductor testing, and high performance connector applications. The Kansas City-based company will become part of the Connector Technology Group within Smiths Interconnect.
IDI designs and produces highly engineered, application specific connectors using a proprietary spring probe contact technology. It focuses on mission critical applications for semiconductor and circuit-board testing, and high reliability connectors for military, medical, homeland security and industrial markets. IDI employs 560 people, more than half at its Suzhou plant in China, and runs a specialist engineering centre in Gilbert, Arizona.
Smiths Interconnect President Ralph Phillips said: "We are a leading supplier of technically differentiated components that are critical to our customers’ products and operations, IDI adds a completely new range of connectors to complement our existing portfolio and provide our customers with a wider range of solutions encompassing multiple connector technologies. With a major plant in China, IDI strengthens our connector operations and will allow us to leverage our existing international sales resources, particularly in Europe which accounts for a quarter of the global connectors market."