Volvo Technology Transfer sells TranSiC AB holding

 

Volvo Technology Transfer sells TranSiC AB holding

 

 

Volvo Technology Transfer (VTT) has sold its share of TranSiC AB to the
US company Fairchild Semiconductor Corporation. VTT first invested in
TranSiC AB shares in autumn 2006 and has since been an active
shareholder.

TranSiC AB, with ten employees, designs, develops and sells silicon
carbide transistors for various applications including the growing
market for hybrid vehicles.

Following the sale, TranSiC will become a part of Fairchild and will
continue its operations in Kista, Sweden.

“We are proud to have contributed to the growth of TranSiC into a
world-leading company in its field,” says Erik Hedenryd, Investment
Manager at VTT. “Fairchild's acquisition of TranSiC is a confirmation of
the company's technical competence and entrepreneurship.”

TranSiC is a high-tech company that has developed silicon-carbide
bipolar junction transistors (BJTs), which enable excellent performance
over wide temperature intervals, thus providing improved efficiency in
energy conversion.

“Together with the founders of TranSiC, Volvo Technology Transfer,
Industrifonden and Midroc New Technology have demonstrated how it is
possible in a volume-driven, competition-exposed industry such as
electronic components, to make successful investments by matching the
right level of technology with the right application area, in this case
hybrid systems for vehicles and solar energy,” says Johan Carlsson,
President of Volvo Technology Transfer.

The transaction will not have a material impact on the Volvo Group's
earnings or financial position.

April 18, 2011

For further information, contact:

Johan Carlsson, President, Volvo Technology Transfer, telephone:
+46 (0)31 3229013

Erik Hedenryd, Investment Manager, Volvo Technology Transfer, telephone:
+46 31 66 91 81

About Volvo Technology Transfer

Volvo Technology Transfer AB focuses on developing and supporting new
businesses relevant to the Volvo Group. Part of this effort is to invest
in companies and projects that are technologically and commercially
attractive. The company also supports the development of
entrepreneurship and innovation at Volvo.