Littelfuse to acquire 200mm wafer fab in Dortmund for EUR93M

Littelfuse announced it has entered into a definitive purchase agreement to acquire a 200mm wafer fab located in Dortmund, Germany from Elmos Semiconductor. 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 Dortmund fab is expected to close early in FY25. The total purchase price for the fab is approximately EUR93M, of which approximately EUR37M will be paid after regulatory approvals, and approximately EUR56M will be paid at closing. The transaction is not expected to have a material impact on the company’s GY23 or FY24 financial results.