Littelfuse to Acquire 200mm Wafer Fab Located in Dortmund, Germany
June 28, 2023 | Business WireEstimated reading time: 1 minute
Littelfuse, Inc., a diversified, industrial technology manufacturing company empowering a sustainable, connected, and safer world, announced it has entered into a definitive purchase agreement to acquire a 200mm wafer fab located in Dortmund, Germany (Dortmund fab) from Elmos Semiconductor SE. Key transaction benefits include:
- Expands business opportunities in high-growth industrial end markets like renewables, energy storage, automation, motor drives, power supplies, and e-Mobility off-board charging infrastructure
- Provides a highly skilled technology team with extensive 200mm manufacturing and development experience
- Defined multi-year capacity sharing arrangement with Elmos Semiconductor SE to allow Littelfuse to ramp its technologies over time; initial term lasting through 2029
“The acquisition of the 200mm Dortmund wafer fab is an important element in our long-term growth strategy for power semiconductors,” said Chad Marak, Senior Vice President and General Manager, Littelfuse Semiconductor Business. “Key to our sustained success is expanding our portfolio of technologies and growing internal capabilities to enable us to meet the increasing demands of our customers in high-growth power conversion applications. The Dortmund fab complements our current footprint, adding a highly experienced team and an efficient high-quality wafer processing operation. We are excited about the future prospects of our combined teams and capabilities, which I am confident will continue to position us for long-term profitable growth.”
The acquisition of the Dortmund fab is expected to close early in fiscal year 2025. The total purchase price for the fab is approximately 93 million Euro, of which approximately 37 million Euro will be paid after regulatory approvals, and approximately 56 million Euro will be paid at closing. The transaction is not expected to have a material impact on the company’s fiscal year 2023 or 2024 financial results.
Suggested Items
Chinese Smartphone Market Maintains its Recovery Momentum at 6.5% Growth in 1Q24,
04/26/2024 | IDCAccording to preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker, China smartphone shipments grew 6.5% year over year (YoY) to 69.3 million units in 1Q24.
LPKF Extends Contract of CEO Klaus Fiedler until 2028
04/24/2024 | LPKFThe Supervisory Board of LPKF Laser & Electronics SE has decided to extend the contract of Dr. Klaus Fiedler as CEO until 31 December 2028. "Under the leadership of Klaus Fiedler, LPKF has undergone some extensive transformation since he joined just over 2 years ago.
VDMA: Machine Vision Navigating Through Uncertain Times
04/18/2024 | VDMAFor over a decade, the European machine vision industry has reported steady growth, with turnover increasing by an average of 9 percent annually between 2012 and 2022. Despite a temporary setback in 2020 (minus 4 percent) due to the Covid-19 pandemic, the industry rebounded strongly in 2021 (plus 17 percent) and 2022 (plus 11 percent).
ZESTRON Welcomes Angela Marquez as Head of Business Unit, Latin America
04/17/2024 | ZESTRONZESTRON, the leading global provider of high-precision cleaning products, services, and training solutions in the electronics manufacturing and semiconductor industries, is delighted to announce Angela Marquez's appointment as the new Head of the Business Unit for Latin America.
Gartner Forecasts Worldwide IT Spending to Grow 8% in 2024
04/17/2024 | Gartner, Inc.Worldwide IT spending is expected to total $5.06 trillion in 2024, an increase of 8% from 2023, according to the latest forecast by Gartner, Inc. This is an increase from the previous quarter’s forecast of 6.8% growth and puts worldwide IT spending on track to surpass $8 trillion well before the end of the decade.