Littelfuse Acquires 200mm Wafer Fab In Germany For €93M

Littelfuse, Inc. LFUS has agreed to acquire a 200mm wafer fab in Dortmund, Germany, from Elmos Semiconductor SE for ~ €93 million.

The acquisition price will be paid in parts, with €37 million paid following regulatory approvals and €56 million paid at closure.

The transaction expands business opportunities in high-growth industrial end markets and provides a highly skilled technical team with extensive 200mm manufacturing and development experience.

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"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," commented Chad Marak, Senior Vice President and General Manager of Littelfuse Semiconductor Business.

Littelfuse held cash and equivalents of $427.5 million as of April 1, 2023.

The acquisition is expected to close early in FY25 and not have a material impact on LFUS' FY23 or FY24 financial results.

Price Action: LFUS shares traded higher by 0.23% at $281.28 on the last check Wednesday.