Ironwood Electronics assumes control of HSIO Grypper Socket line
HSIO Technologies and Ironwood Electronics have announced technology licensing and operations agreements between the two companies to support the semiconductor test socket marketplace.
David Struyk, Ironwood President added, “We are excited to take on HSIO’s advanced line of sockets, including the well-known Grypper sockets, as they merge nicely with our existing line and our future product developments. The technologies and products offered by HSIO are truly synergistic with our own. The fact that we are located in the same city and serve the same customers around the world, made the partnership that much more obvious. This partnership lines up perfectly with Ironwood’s vision to grow and innovate in the test socket market, and is a step in the direction of adding to Ironwood’s offerings by acquisition and innovation. Ironwood will introduce additional offerings in the upcoming months.”
Under the terms of multiple agreements, Ironwood assumes manufacturing operations as the two companies work together to provide a seamless sales channel transition for customers, employees, and vendors over the next several months. Thereafter, all test socket products will be available directly from Ironwood and complement the existing Ironwood offerings. During the transition period, customers can expect the same level of excellent customer service and support both companies are known for.