M&A Deal Summary

Abracon Acquires Fox Electronics

On December 8, 2020, Abracon acquired semiconductors company Fox Electronics from Integrated Device Technology

Acquisition Highlights
  • This is Abracon’s 1st transaction in the Semiconductors sector.
  • This is Abracon’s 2nd transaction in the United States.
  • This is Abracon’s 1st transaction in Florida.

M&A Deal Summary
Date 2020-12-08
Target Fox Electronics
Sector Semiconductors
Buyer(s) Abracon
Sellers(s) Integrated Device Technology
Deal Type Divestiture

Target

Fox Electronics

Fort Myers, Florida, United States
website
Fox Electronics, is a manufacturer of high-precision, high-reliability frequency control products to the electronics market, with more than 10,000 customers worldwide. Fox Electronics was founded in 1979 and is based in Fort Myers, Florida.

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Buyer(S) 1

Buyer

Abracon

Rancho Santa Margarita, California, United States

website

Category Company
Founded 1992
Sector Test/Measurement Equipment
DESCRIPTION

Abracon is a manufacturer of frequency control, signal conditioning, clock distribution and magnetic components. Abracon offers a wide selection of Quartz Timing Crystals, Crystal and MEMS Oscillators, Real Time Clocks, Antennas, Bluetooth Modules, Ceramic Resonators, SAW Filters and Resonators, Inductors, Transformers, Circuit Protection Components and Wireless RF Antennas. Abracon was founded in 1992 and is based in Rancho Santa Margarita, California.

DEAL STATS #
Overall 2 of 5
Sector (Semiconductors) 1 of 1
Type (Divestiture) 1 of 1
State (Florida) 1 of 1
Country (United States) 2 of 3
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-06 ILSI America

Reno, Nevada, United States

ILSI America LLC is a provider of frequency control products. ILSI America fulfills a wide scope of requirements that meet the strict standard of both OEM and CEM customers across many vertical markets via the following products: quartz crystals, crystal oscillators, MEMS oscillators, TCXOs, VCXOs, OCXO, filters, and resonators. ILSI America was founded in 1987 and is based in Reno, Nevada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-09 AEL Crystals

Surrey, United Kingdom

AEL Crystals is a provider of frequency control components, including quartz-based frequency control components, MEMS products, filters, and antenna products. AEL sells into the industrial, automotive, telecommunications, security, and audio-visual end markets throughout EMEA and globally through its distribution partners. AEL Crystals was founded in 1991 and is based in Surrey, United Kingdom.

Buy -

Seller(S) 1

SELLER

Integrated Device Technology

San Jose, California, United States

website

Category Company
Founded 1980
Sector Semiconductors
Employees1,821
Revenue 843M USD (2018)
DESCRIPTION
Entrance to Integrated Device Technology's corporate headquarters in San Jose, California.
Entrance to Integrated Device Technology's corporate headquarters in San Jose, California.

Integrated Device Technology, Inc. is a provider of semiconductor solutions for advanced network services. IDT serves communications equipment vendors by applying its hardware, software and memory technologies to create flexible, highly integrated products that enhance the functionality and processing of network equipment. Integrated Device Technology, Inc. was formed in 1980 and is based in San Jose, California.

DEAL STATS #
Overall 4 of 4
Sector (Semiconductors) 2 of 2
Type (Divestiture) 3 of 3
State (Florida) 1 of 1
Country (United States) 4 of 4
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-13 GigPeak

San Jose, California, United States

GigPeak, Inc. is a provider of semiconductor components that enable end-to-end information streaming over optical and wireless networks.

Buy $250M
Mergr

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