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Littelfuse acquires Elmos fab for €93 million

Littelfuse acquires Elmos fab for €93 million

Posted Date: 2023-07-11

July 10, 2023 /SemiMedia/ — In response to reviews, Littelfuse has reached a definitive settlement with Elmos Semiconductor to amass its Dortmund fab in Germany for a internet buy worth of 93 million euros.

Below the settlement, Littelfuse will purchase the Dortmund fab and its technical group of roughly 225 staff. All different actions, together with check operations, would be the duty of Elmos.

With the acquisition of the Dortmund fab, Littelfuse strengthens its capabilities in energy semiconductors for high-growth energy conversion functions comparable to renewable vitality, vitality storage and electrical automobile charging infrastructure.

“Right this moment’s settlement is a milestone for semiconductor manufacturing in Dortmund and can strengthen Germany’s place as a high-tech nation. As a fabless firm, Elmos will make even higher use of superior applied sciences to realize breakthrough improvements within the area of mixed-signal semiconductors. Elmos has grow to be a worldwide market chief for sure functions within the automotive business. We hope to make use of this sturdy place to form our future progress,” mentioned Dr. Arne Schneider, CEO of Elmos Semiconductor.

Closing of the transaction is anticipated to take impact on December 31, 2024, topic to sure closing situations and regulatory approvals. Elmos will retain full operational management of the fab till the transaction closes.