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April 2016

Maxwell Technologies

Maxwell Technologies
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Maxwell Technologies

Exclusive Financial Advisor to Maxwell Technologies, Inc. on the Sale of its Microelectronics Product Line to Data Device Corporation
Industrials/Aerospace & Defense M&A Advisory

Canaccord Genuity Acts as Exclusive Financial Advisor to Maxwell Technologies, Inc. on the Sale of its Microelectronics Product Line to Data Device Corporation

Canaccord Genuity is pleased to announce that its client, Maxwell Technologies, Inc. (NASDAQ:MXWL) announced that it has entered into a definitive agreement to sell its microelectronics product line to Data Device Corporation, a Behrman Capital portfolio company. Gross proceeds from the transaction are expected to be $21 million in cash and the purchase price is subject to working capital and closing transaction adjustments. The transaction, which was signed on April 12, 2016, is expected to close by the end of April 2016, subject to customary and negotiated closing conditions.

Maxwell Technologies’ microelectronics business is a leading developer and manufacturer of innovative, cost-effective, space-qualified microelectronics solutions for satellites and spacecraft, including radiation-hardened single board computers and components such as high-density memory and power modules.

Data Device Corporation is a world leader in the design and manufacture of high-reliability data networking, power control, and motion control solutions for aerospace, defense, and industrial applications.