Wednesday, April 13, 2016
Maxwell Technologies Sells Microelectronics Product Line
San Diego-based Maxwell Technologies has sold off its microelectronics product line, in a deal worth $21M in cash, the company said Tuesday. Maxwell said it is selling its microelectronics product line to Data Device Corporation, a subsidiary of ILC Industries; the deal includes all assets and certain liabities related to that line of products. Maxwell Technologies is a developer of energy storage devices based on ultracapacitors.