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Alan, who founded Ohmega and served as CEO since its inception, felt that Arcline would be an excellent steward to take the company forward and build upon the foundation that exists today.
Fremont, CA: Arcline Investment Management, a growth-oriented private equity firm with $1.5 billion of committed capital, announced that it has expanded its specialty electronic components platform with the acquisition of Ohmega Technologies, a leading manufacturer of advanced embedded thin-film resistive materials. Ohmega was acquired from the Alan D. Leve Family. Alan, who founded Ohmega in 1983 and served as CEO since its inception, felt that Arcline would be an excellent steward to take the company forward and build upon the foundation that exists today.
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Arcline commented, "The addition of Ohmega perfectly aligns with our specialty electronic components platform growth strategy to assemble a portfolio of companies with world-class products and customer service. We are excited to work with this talented team to accelerate Ohmega's growth while maintaining the company's unique culture and customer-first mindset."
Over more than five decades, OhmegaPly has recorded trillions of operational hours within billions of printed circuit boards across a wide range of applications, including aerospace & defense, automotive, consumer, medical, and telecommunications. The company's OhmegaPly Embedded Resistor Technology acts as a resistive "blank slate," eliminating the need for discrete surface mount resistors and providing printed circuit board designers with a critical tool for addressing contemporary electronic issues that require passive resistors or resistive films.
Bruce Mahler, Vice President and General Manager of Ohmega, added, "We are very pleased with the acquisition of Ohmega by Arcline. Our commitment to the long-term supply of OhmegaPly to our customers is enhanced with this acquisition. We're excited by the prospect of working with Arcline and Kevin Perhamus, the President of Arcline's specialty electronic components group, and know that Arcline's commitment to investing in Ohmega and OhmegaPly will serve our customers well for many years to come."
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