CHICAGO, Il. - December, 30, 2024 -- Littelfuse, Inc. (NASDAQ: LFUS), a diversified industrial technology manufacturing company empowering a sustainable, connected, and safer world, today announced it completed the acquisition of the 200mm wafer fab located in Dortmund, Germany (“Dortmund fab”) from Elmos Semiconductor SE (FSE: ELG), which will become effective on December 31, 2024, at midnight (CET).
The completion of the Dortmund fab acquisition, as previously announced on June 28, 2023, enhances Littelfuse long-term power semiconductor opportunities across a broad base of industrial end markets including energy storage, automation, motor drives, renewables, power supplies, and charging infrastructure.
“We are excited to welcome the talented and highly skilled Dortmund fab employees to the Littelfuse team,” said Dave Heinzmann, President & Chief Executive Officer. “This acquisition supports Littelfuse long-term growth strategy while expanding our power semiconductor technology offering and high-quality manufacturing capabilities.”
“The acquisition of the Dortmund fab expands our long-term organic growth opportunities for broad-based customer demand in high-growth power conversion applications across industrial end markets,” said Chad Marak, Senior Vice President and General Manager, Littelfuse Semiconductor Business. “The Dortmund fab complements our current footprint while growing our highly skilled technology team and enhancing our operational capabilities."
Regulatory approvals by the German Federal Ministry for Economic Affairs and Climate Action and the German Federal Cartel Office (Bundeskartellamt) were already granted in the summer of 2023. After the regulatory approval, the buyer made a payment to Elmos in the amount of 37.2 million Euro in August 2023. The remainder of the purchase price of approximately 56 million Euro was transferred to Elmos on December 30, 2024.
“The closing of the fab sale is a very important milestone for the future success of Elmos. As a fabless company, Elmos accesses state-of-the-art technologies from our renowned manufacturing partners. From now on we can even better focus on utilizing our strong growth potential with highly innovative automotive IC applications,” says Dr. Arne Schneider, CEO of Elmos Semiconductor SE.
About Littelfuse
Littelfuse, Inc. (NASDAQ: LFUS) is a diversified, industrial technology manufacturing company empowering a sustainable, connected, and safer world. Across more than 20 countries, and with approximately 16,000 global associates, we partner with customers to design and deliver innovative, reliable solutions. Serving over 100,000 end customers, our products are found in a variety of industrial, transportation, and electronics end markets–everywhere, every day. Learn more at Littelfuse.com.
About Elmos
Elmos develops, produces and markets semiconductors, primarily for use in the automotive industry. Our components communicate, measure, regulate and control safety, comfort, powertrain and network functions. For 40 years, Elmos innovations have been bringing new functions to life and making mobility worldwide safer, more comfortable and more energy efficient. With our solutions we are already the worldwide #1 in applications with great future potential, such as ultrasonic distance measurement, ambient and rear light as well as intuitive HMI.