PLDA GROUP Announces Divestiture of REFLEX CES, Enabling an Increased Focus on Its Core Activities & Investments in High Pote...
24 October 2017 - 10:28AM
Business Wire
Transaction Enables an Increased Focus for Both
PLDA GROUP and REFLEX CES on their Respective Markets within the
Electronics Industry
PLDA GROUP, the parent company of leading electronics brands
including PLDA, Accelize and PLDA Training, today announced the
divesture of the REFLEX CES brand from the PLDA GROUP of companies.
The divestiture will allow the PLDA GROUP to focus on continued
growth and strategic investment in its core markets including IP
and Tool creation, and services and support for leading FPGA and
ASIC designs. As a result of the divestiture, PLDA GROUP will
relinquish its Board of Directors seats and REFLEX CES will become
wholly managed by its own management and investment teams.
This move is the latest in PLDA GROUP’s ongoing and dynamic
merger and acquisition activity and highlights PLDA GROUP’s clear
and focused strategy. Key strategic initiatives for PLDA GROUP
include:
- Development and investment in the
consolidated IP Market for ASIC and High End FPGA in Asia, which is
experiencing rapid market expansion
- A strong focus on cloud-based
development tools and applications for FPGA
- Increased focus on innovative and
comprehensive training programs targeting every aspect of
System-on-Chip and embedded system designs
According to Arnaud Schleich, CEO of PLDA GROUP "The PLDA GROUP
is proud to have provided REFLEX CES with a strategic investment
and to have helped their management team to grow their businesses
to the point where they can assume complete control.” Schleich
added, “Today’s announcement will allow both the PLDA GROUP and
REFLEX CES to focus more clearly on their individual company goals,
bringing added value to their respective semiconductor industry
customer bases."
About PLDA GROUPPLDA GROUP is a privately owned
technology group focused on delivering leading edge products and
services that enable manufacturers of electronic components and
systems worldwide to design and market differentiated products
faster, without risk, and with dedicated support from highly
skilled engineering teams. With over 3,200 customers worldwide
including most of the Fortune 500 technology companies, PLDA GROUP
is the trusted and dependable expert for any embedded electronics
project or product. PLDA GROUP serves the embedded electronics
industry through different entities and brands, each having
specific domains of expertise. For more information, please visit
www.pldagroup.com.
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PLDA GROUPRomain Tourneau, +33-4-28-38-04-66Marketing
Managerrtourneau@plda.com