IR to acquire microelectronic module maker

International Rectifier Corp. (IR) will acquire TechnoFusion GmbH, a wholly-owned subsidiary of Royal Philips Semiconductor, in a transaction estimated to be worth about $50 million.

TechnoFusion manufactures integrated regulator microelectronic modules for use in automotive alternators. Its customers include automotive suppliers Daimler-Chrysler, Visteon, Denso and Valeo.

Alex Lidow, CEO of IR, said, "Automotive applications are a key growth segment for IR, and TechnoFusion will add a new dimension to our position with advanced automotive power architectures, highly skilled staff, and an excellent customer base."