Expansion of TMR sensor technologies and products through the acquisition of Crocus
First written in FY2024-Q1. 1 of 2 entries say "Achieved", first in FY2024-Q2. Latest entry: FY2024-Q2.
No other company in this theme has enough history to compare yet.
- FY2024-Q2AchievedAnnual report
「Allegro MicroSystems, Inc., our consolidated subsidiary (hereinafter, “Allegro”), entered into a stock purchase agreement to acquire all shares of Crocus Technology International Corporation (hereinafter, “Crocus”) on 7 August 2023, U.S. time, and acquired all shares effective 31 October 2023.」
The acquisition of Crocus was completed with the acquisition of all shares effective 31 October 2023. TMR sensor technologies and products were acquired, and the product portfolio for strategic markets including e-mobility, clean energy and automation was expanded. - FY2024-Q1First statedAnnual report
「The acquisition of Crocus, a global leader in advanced TMR (tunnel magnetoresistance) sensor technology, will enable us to expand innovative technologies and products suited to high-growth markets such as e-mobility, clean energy and automation. This will strengthen our TMR roadmap and further reinforce our leadership in magnetic sensors, enabling additional growth in strategic markets by contributing to customers through a broader, differentiated product offering.」
Allegro entered into an agreement to acquire all shares of Crocus Technology International Corporation on 7 August 2023. The acquisition price is US$420 million, the ownership percentage after the acquisition will be 100%, and the acquisition is scheduled to take place by the end of December 2023. The transaction is intended to expand TMR sensor technologies and products for e-mobility, clean energy and automation.