TUALATIN, Ore. -- Waytronx Inc., provider of thermal management solutions, announced it has acquired CUI Inc., a Tualatin, Ore.-based provider of electronic components including power supplies, transformers, converters, connectors and industrial controls for OEMs.
CUI will become a wholly owned subsidiary of Waytronx.
Matthew McKenzie will continue as the president of CUI and assume the role of chief operating officer of parent company Waytronx.
William Clough will remain as president and CEO of Waytronx, and assume the role of CEO of CUI. The company does not expect any organizational changes to CUI's operations in the U.S., China or Sweden.
The two companies expect the acquisition to offer significant synergies for revenue growth. CUI's expertise in power technology combined with the thermal dissipation architecture from Waytronx offer design engineers a comprehensive solution set for the next generation of high power application that must operate at higher temperatures.