M&A Deal Summary

Allegro MicroSystems Acquires Crocus Technology

On August 8, 2023, Allegro MicroSystems acquired semiconductors company Crocus Technology for 420M USD

Acquisition Highlights
  • This is Allegro MicroSystems’ 2nd transaction in the Semiconductors sector.
  • This is Allegro MicroSystems’ largest (disclosed) transaction.
  • This is Allegro MicroSystems’ 2nd transaction in France.

M&A Deal Summary
Date 2023-08-08
Target Crocus Technology
Sector Semiconductors
Buyer(s) Allegro MicroSystems
Deal Type Add-on Acquisition
Deal Value 420M USD

Target

Crocus Technology

Grenoble, France
website
Crocus Technology is a designer of magnetic memory chip. Crocus develops XtremeSense TMR advanced sensor technology which provides the highest sensitivity, lowest power consumption and smallest size by comparison to other magnetic technologies such as Hall, AMR and GMR. Crocus Technology was founded in 2004 and is based in Grenoble, France.

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Buyer(S) 1

Buyer

Allegro MicroSystems

Manchester, New Hampshire, United States

website

Category Company
Founded 1990
Sector Information Technology
Employees4,036
Revenue 769M USD (2022)
DESCRIPTION

Allegro MicroSystems is a developer of advanced semiconductor technology and application-specific algorithms. Allegro MicroSystems is based in Manchester, New Hampshire.

DEAL STATS #
Overall 3 of 3
Sector (Semiconductors) 2 of 2
Type (Add-on Acquisition) 3 of 3
Country (France) 2 of 2
Year (2023) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-31 Heyday

Grasse, France

Heyday is a fabless semiconductor company focused on designing and selling isolated gate drivers for the power electronics market. With innovation and creativity core to its R&D culture, the Heyday team has developed new patented technologies resulting in breakthrough isolated gate drive performance. Heyday was founded in 2014 and is based in Grasse, France.

Buy $19M
Mergr

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