Diodes Incorporated To Acquire Onsemi’S South Portland, Maine Wafer Fabrication Facility And Operations
Feb 28, 2022•over 3 years ago
Acquiring Company
Diodes Incorporated
Acquired Company
Operations
Description
Diodes Incorporated (Diodes) (Nasdaq: DIOD) today announced it has entered into a definitive agreement to acquire onsemi’s wafer fabrication facility and operations located in South Portland, Maine (the “South Portland Facility”). Terms of the agreement were not disclosed.
M&A Insights
Based on deal dataIntegration 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