Wolfspeed - M&A Summary and Business Overview

SemiconductorsCompany

Wolfspeed M&A Summary

Wolfspeed has acquired 7 companies, including 1 in the last 5 years. It has also divested 3 assets.

Wolfspeed’s largest acquisition to date was in 2011, when it acquired Ruud Lighting for $525M. It’s largest disclosed sale occurred in 2020, when it sold Cree - LED Products Business Unit to Smart Modular Technologies for $300M. Wolfspeed has acquired in 3 different US states, and 4 countries. The Company’s most targeted sectors include electrical equipment (43%) and electronics (29%).

Wolfspeed Business Overview

Where is Wolfspeed headquartered?

Wolfspeed is headquartered in Durham, North Carolina.

What is Wolfspeed’s revenue?

Wolfspeed disclosed revenue of 922M USD for 2023 and 746M USD for 2022.

How many employees does Wolfspeed have?

Wolfspeed has 4,802 employees.

What sector is Wolfspeed in?

Wolfspeed is a semiconductors company.

When was Wolfspeed founded?

Wolfspeed was founded in 1987.

M&A Summary

  • M&A Total Activity10
    • M&A Buy Activity7
    • M&A Sell Activity3
  • Total Sectors Invested 3
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 6
  • M&A Advisors 3

Wolfspeed

Wolfspeed, Inc.

4600 Silicon Drive,
Durham, North Carolina 27703
United States,
(919) 407-5300
www.wolfspeed.com

Wolfspeed is a provider of energy-efficient, mercury-free LED lighting. Wolfspeed markets lighting-class LEDs, LED lighting, and semiconductor products for power and radio frequency (RF) applications. Wolfspeed was formed in 1987 and is based in Durham, North Carolina.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 6 - - 1 - - 7
vol $1.2B $1.2B
Sell (0.4/yr) # 1 1 - - 1 - 3
vol $300M $125M $425M
  10

Most Recent M&A

Company Date Value Type
Wolfspeed - RF Business 2023-08-22 125M USD Divestiture
Durham, North Carolina
Aixtron - Epitaxial Tools 2022-03-14 - Divestiture
Herzogenrath, Germany
Cree, Inc. - LED Products Business Unit 2020-10-19 300M USD Divestiture
Durham, North Carolina
Cree, Inc. - Lighting Products Business Unit 2019-05-15 - Divestiture
Durham, North Carolina
Infineon Technologies AG - Radio Frequency (RF) Power Business 2018-03-06 389M EUR Divestiture
Neubiberg, Germany
Arkansas Power Electronics International, Inc. (APEI) 2015-07-09 - Add-on Acquisition
Fayetteville, Arkansas · www.apei.net
Ruud Lighting, Inc. 2011-08-17 525M USD Add-on Acquisition
Racine, Wisconsin · www.ruudlighting.com
LED Lighting Fixtures, Inc. 2008-03-03 77M USD Add-on Acquisition
Morrisville,, North Carolina · www.llfinc.com
Cotco Luminant Device Co., Ltd. 2007-03-12 200M USD Divestiture
Hong Kong, China
INTRINSIC Semiconductor AB 2006-06-28 46M USD Add-on Acquisition
Kista, Sweden
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Ruud Lighting, Inc. 2011-08-17 E-conolight LLC 2011-08-17 1
Racine, Wisconsin · www.ruudlighting.com Racine, Wisconsin · www.e-conolight.com

M&A by Sector

Sector Buy # Value Sell # Value
Electrical Equipment 3 (43%) 802M (65%) 2 (67%) 300M (71%)
Semiconductors 2 (29%) 389M (31%) 1 (33%) 125M (29%)
Electronics 2 (29%) 46M (4%) - -
Total 7 $1.2B 3 $425M

By Geo

State/Country Buy Value Sell Value
United States 3 602M 3 425M
  North Carolina 1 77M 3 425M
  Wisconsin 1 525M - -
  Arkansas 1 - - -
Germany 2 389M - -
China 1 200M - -
Sweden 1 46M - -
Domestic 3 (43%) 602M (49%) 3 (100%) 425M (100%)
Cross-border 4 (57%) 635M (51%) - -
Total 7 $1.2B 3 $425M

Top M&A Advisors

Financial Deals
Morgan Stanley
1
J.P. Morgan Securities
1
Legal Deals
Smith, Anderson, Blount, Dorsett, Mitchell & Jernigan
2

Deal Values

buy # Total
$100M to $1B 3 $1.1B
< $100M 2 $123M
TOTAL $1.2B
Largest Ruud Lighting, Inc.
$525M (2011-08-17)
sell # Total
$100M to $1B 2 $425M
TOTAL $425M
Largest Cree, Inc. - LED Products Business Unit
$300M (2020-10-19)

M&A Connections

Deals
Acquired from
Strategic(s)
43%
3 (43%)
Divested to
Strategic(s)
100%
3 (100%)

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