Amantys gets $5m from Avago and new ceo
1 min read
Amantys has received a $5million investment from Avago. Amantys' chairman Pete Magowan said: "Attracting Avago as a strategic investor is a significant endorsement of the progress at Amantys and a great match for exploiting our vision for the future of the power electronics industry.
The company can now accelerate critical IGBT driver development programmes to enhance our roadmap of innovative, cost effective gate drive solutions."
As part of the investment arrangements, Erwin Wolf, pictured, has been appointed as chief executive officer in place of Karen Oddey. Magowan added: "Erwin has worked in the power industry for many years and brings with him unrivalled experience and relationships within this market."
Wolf, previously a non executive director at Amantys, has been in the power market for 30 years and has held the position of vice president technology in power semiconductors for Infineon.
Wolf said: "I am joining the business at an exciting point in the company's evolution. Its vision for the digitisation of power electronics has already brought the company to the attention of a series of leading power industry players, underlined by the investment from Avago. I'm now looking forward to working with the team to continue our progress."
