EQS-News Elmos Semiconductor SE: Sale of Dortmund wafer fab to Littelfuse
EQS-News: Elmos Semiconductor SE / Key word(s): Disposal/Agreement
Transaction strengthens power semiconductor production in Germany
Dortmund, June 28, 2023: Elmos Semiconductor SE (FSE: ELG, “Elmos”), one of the world’s leading suppliers of mixed-signal automotive semiconductors, and Littelfuse, Inc., USA (NASDAQ: LFUS, “Littelfuse”), today entered into a definitive agreement on the sale of the Elmos wafer fab (“fab”) at the Dortmund site to Littelfuse. Elmos has agreed to sell the wafer fab at a net purchase price of approximately 93 million Euro. Under the agreement, Littelfuse will acquire the Dortmund wafer fab with a highly skilled technology team of approximately 225 employees. All other activities, including testing operations, will remain with Elmos.
In acquiring the Dortmund wafer fab, Littelfuse enhances its capabilities in power semiconductors for high-growth power conversion applications like renewables, energy storage, and e-Mobility charging infrastructure.
“Today’s agreement is a milestone for semiconductor production in Dortmund and it will strengthen Germany’s standing as a high-tech location. As a fabless company, Elmos will make even greater use of advanced technologies to deliver groundbreaking innovations in mixed-signal semiconductors. Elmos is already the global market leader for certain applications in the automotive industry. We want to use this strong position to shape our future growth,” says Dr. Arne Schneider, CEO of Elmos Semiconductor SE.
Headquartered in Chicago, Illinois, United States, Littelfuse, Inc. is a diversified, industrial technology manufacturing company empowering a sustainable, connected and safer world. The company operates across more than 20 countries, and with approximately 18,000 global associates. Its products are found in a variety of industrial, transportation and electronics end markets. In Germany, Littelfuse operates various manufacturing, sales and R&D sites.