Allegro Microsystems To Acquire Crocus Technology To Accelerate Innovation In Tmr Sensing Technology

Aug 08, 2023•almost 2 years ago

Acquiring Company

Allegro MicroSystems

Acquired Company

Crocus

Manchester

Santa ClaraManufacturing

Description

Allegro MicroSystems, Inc. (“Allegro”) (Nasdaq: ALGM), a global leader in power and sensing semiconductor technology for motion control and energy efficient systems, today announced that it has signed a definitive agreement to acquire Crocus Technology (“Crocus”) for $420 million in cash.

Company Information

Company

Allegro MicroSystems

Location

Manchester, New Hampshire, United States

About

Allegro MicroSystems (Nasdaq: ALGM) is redefining the future of sensing and power technologies. From clean energy to advanced mobility and motion control systems, our team is passionate about developing intelligent solutions that move the world forward and give our customers a competitive edge. With global engineering, manufacturing and support, Allegro is a trusted partner to both large enterprises and regional market leaders worldwide. Visit www.allegromicro.com.

DealWatch™ Score

High M&A Activity

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Integration timeline

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Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

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