SAN JOSE, Calif.--(BUSINESS WIRE)--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 GROUP
PLDA 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.