EQS-News Elmos Semiconductor SE: Regulatory approvals granted for the sale of the Dortmund wafer fab to Littelfuse

On June 28, 2023, Elmos and Littelfuse signed a purchase agreement for the sale of the Dortmund fab for a net purchase price of approximately 93 million Euro. The antitrust clearance was already granted by the German Federal Cartel Office (Bundeskartellamt) on July 27, 2023 without any conditions.

With the foreign trade clearance, the regulatory requirements for the closing of the transaction have been met and the buyer will make a payment to Elmos in the amount of approximately 37 million Euro. The remainder of the purchase price will be due at the closing of the transaction, which is expected to be effective December 31, 2024.

Under the agreement, Littelfuse will acquire the Dortmund wafer fab with approximately 225 employees. All other activities, including testing operations, will remain with Elmos. In addition, Elmos and Littelfuse have agreed to enter into a defined multi-year capacity sharing arrangement with an initial term lasting through 2029, with Elmos buying defined volumes of wafers produced at the fab. This long-term agreement supplements the existing supply arrangements with Elmos’ other foundry partners and ensures that Elmos has the necessary capacities to meet projected customer demand.

In the course of this M&A transaction, Elmos was advised by ATREG, Inc., specializing in the sale of high-tech infrastructures, and by the law firm Allen & Overy.

Contact
Elmos Semiconductor SE
Ralf Hoppe, Head of Investor Relations, Public Relations & ESG
Phone: +49-231‐7549‐7000