MaxQ Technology (Tempe, AZ), the leader in Friction Stir Welded coldplates and cooling products, has been formally acquired by Tie Down (Atlanta, GA) to greatly improve production capacity and facilitate further technological developments. Securing key patents and demonstrating strong innovation acumen, MaxQ Technology provides coldplates and cooling solutions for the International Space Station, military defence research, autonomous and next generation electric vehicle manufacturers, and tier one suppliers in military, solar, wind, ocean, fossil fuel and industrial applications. Emphasizing the close coupling between design, analysis and manufacturing, MaxQ Technology has developed reliable coldplates and cooling solutions for a wide variety of power conversion systems rated up to 2 megawatts in capacity. Standard coldplates and custom cooling solutions support all leading Insulated Gate Bi-polar Transistor (IGBT) power modules from manufacturers such as Infineon, Powerex, ABB, Fuji Electric, Semikron and others.
Tie Down is a proven leader in the metal working industry with extensive CNC machining, laser cutting, welding, sheet metal and assembly capabilities. With over 750,000 square feet of ISO9001 certified production floor space, 5,500 finished products, 90 patents and almost 50 years of success in manufacturing, Tie Down has created a finely tuned operation. Tie Down will assume all production manufacturing responsibilities for MaxQ Technology while providing strong technical support to continuously improve the fabrication processes, a critical necessity in this highly-customized market.
‘We could not be more excited about MaxQ joining the team. As part of Tie Down’s commitment to Manufacturing Ingenuity, the new acquisition of MaxQ Technology will expand our ability to provide cutting-edge products and solutions to some of the world’s most innovative companies,’ says Chase MacKarvich, CFO of Tie Down, and goes on to say, ‘From a growth perspective, the partnership is in line with our strategy of complementing our organic growth by completing selected strategic acquisitions.’
Memo Romero, President and CEO at MaxQ Technology states that, ‘Tie Down’s manufacturing discipline and forward thinking philosophy will provide an exceptional basis to support any customer needing state of the art cooling products in any production quantity.’
‘MaxQ espouses the same core values of Tie Down: Proactive, Collaborative, Driven, Reliable, and Accountable,’ says Sloan MacKarvich, CBDO of Tie Down. ‘The forging of our two companies affords us an unparalleled competitive and strategic advantage in the dynamic and growing power conversion market.’