M&A Deal Summary

Micross Components Acquires Semtech - Discrete Diodes and Assemblies Business

On May 3, 2022, Micross Components acquired semiconductors company Semtech - Discrete Diodes and Assemblies Business from Semtech

Acquisition Highlights
  • This is Micross Components’ 5th transaction in the Semiconductors sector.
  • This is Micross Components’ 1st transaction in Mexico.

M&A Deal Summary

Date 2022-05-03
Target Semtech - Discrete Diodes and Assemblies Business
Sector Semiconductors
Buyer(s) Micross Components
Sellers(s) Semtech
Deal Type Divestiture

Target

Semtech - Discrete Diodes and Assemblies Business

Reynosa, Mexico
Semtech Corp's Discrete Diodes and Assemblies Business provides semiconductor solutions, including Qualified Product List ("QPL") and non-QPL diodes, rectifiers and transient voltage suppression products to aerospace, defense, medical and other high-reliability customers. The business manufactures products designed to operate across a wide range of temperatures, vibrations and other harsh environments.

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Buyer(S) 1

Buyer

Micross Components

Orlando, Florida, United States

website


Category Company
Founded 1998
Sector Aerospace
DESCRIPTION

Micross Components serves the aerospace, defense, space, medical, and industrial markets, among others. The company offers an industry-leading portfolio of high-reliability components and services that include advanced component testing, qualification services, packaging services, standard wafer bumping, advanced wafer-level packaging services, and 3D integration. Micross has longstanding relationships with blue-chip customers in each of its end markets and more than 30 of the world's leading semiconductor manufacturers.


DEAL STATS #
Overall 7 of 11
Sector (Semiconductors) 5 of 9
Type (Divestiture) 2 of 3
Country (Mexico) 1 of 1
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-01 SemiDice

Los Alamitos, California, United States

SemiDice is a wafer and bare die component supplier to the microelectronic industry, serving defense, aerospace, medical and high-reliability industrial end markets. Whether customer requirements are for generic devices or product-tested and supplied to source control drawings. SemiDice was founded in 1976 and is based in Los Alamitos, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-17 Paal Technologies

Sunrise, Florida, United States

Paal Technologies provides a full range of MIL-STD-1553 data bus components and RF transformers for signal processing applications to the Defense Industry. The company's high reliability products are used by industry leaders, including Boeing, Northrop Grumman, Lockheed Martin and United Launch Alliance. With a proven track record of on-time delivery and unparalleled quality, Paal has established itself as a valued supplier of products to the MIL/Aerospace industry for its most demanding applications. Paal Technologies is based in Sunrise, Florida.

Buy -

Seller(S) 1

SELLER

Semtech

Camarillo, California, United States

website


Category Company
Founded 1960
Sector Semiconductors
Employees1,439
Revenue 741M USD (2022)
DESCRIPTION
Entrance to Semtech's corporate headquarters in Camarillo, California.
Entrance to Semtech's corporate headquarters in Camarillo, California.

Semtech is a provider of analog and mixed-signal semiconductors for high-end consumer, computing, communications and industrial equipment. Semtech was founded in 1960 and is based in Camarillo, California.


DEAL STATS #
Overall 2 of 2
Sector (Semiconductors) 2 of 2
Type (Divestiture) 2 of 2
Country (Mexico) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-02 IC Interconnect

Colorado Springs, Colorado, United States

IC Interconnect, Inc. is a provider of an advanced chip-scale packaging, contract wafer bumping and related services to the electronics industry. IC Interconnect is based in Colorado Springs, Colorado.

Buy $7M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-02 Sierra Wireless

Richmond, British Columbia, Canada

Sierra Wireless is a provider of machine-to-machine (M2M) devices and cloud services delivering intelligent wireless solutions that simplify the connected world. The company offer original equipment manufacturer (OEM) solutions and enterprise solutions. Sierra Wireless was founded in 1993 and is headquartered in Richmond, Canada.

Buy $1.2B