Allegro Microsystems Completes Acquisition Of Heyday Integrated Circuits

Sep 01, 2022•almost 3 years ago

Acquiring Company

Allegro MicroSystems

Acquired Company

Heyday Integrated Circuits

ManchesterManufacturingManufacturing

Description

Allegro MicroSystems, Inc. (Allegro) (Nasdaq: ALGM), a global leader in sensing and power semiconductor solutions for motion control and energy-efficient systems, today announced the completion of its previously-announced acquisition of Heyday Integrated Circuits (Heyday). Heyday is a privately held company specializing in compact, fully integrated isolated gate drivers that enable energy conversion in high-voltage gallium nitride (GaN) and silicon carbide (SiC) wide-bandgap (WBG) semiconductor designs.

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.

M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

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

Success factor

M&A deals with strong technology integration plans are 2.5x more likely to succeed

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