Cree Mergers and Acquisitions Summary

Electrical EquipmentCompany

Cree has acquired 6 companies, including 1 in the last 5 years. It has also divested 3 assets.

Cree’s largest acquisition to date was in 2011, when it acquired Ruud Lighting for $525M. It’s largest disclosed sale occurred in 2016, when it sold Wolfspeed to Infineon Technologies AG for $850M. Cree has acquired in 3 different US states, and 4 countries. The Company’s most targeted sectors include electrical equipment (50%) and electronics (34%).

Join Mergr and gain access to Cree’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the electrical equipment sector.

M&A Summary

  • M&A Total Activity9
    • M&A Buy Activity6
    • M&A Sell Activity3
  • Total Sectors Invested 3
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 3
  • M&A Advisors 2

Cree

Cree, Inc.

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

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


M&A Summary

Buy vs Sell

Year ≤ '17 '18 '19 '20 '21 '22 T
Buy (0.2/yr) # 5 1 - - - - 6
vol $848M $389M $1.2B
Sell (0.4/yr) # 1 - 1 1 - - 3
vol $850M $300M $1.2B
  9

Most Recent M&A

Company Date Value Type
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
Wolfspeed, Inc. 2016-07-14 850M USD Divestiture
Research Triangle Park, North Carolina · www.wolfspeed.com
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 (50%) 802M (65%) 2 (67%) 300M (26%)
Electronics 2 (33%) 46M (4%) - -
Semiconductors 1 (17%) 389M (31%) 1 (33%) 850M (74%)
Total 6 $1.2B 3 $1.2B

By Geo

State/Country Buy Value Sell Value
United States 3 602M 3 1.2B
  North Carolina 1 77M 3 1.2B
  Wisconsin 1 525M - -
  Arkansas 1 - - -
China 1 200M - -
Germany 1 389M - -
Sweden 1 46M - -
Domestic 3 (50%) 602M (49%) 3 (100%) 1.2B (100%)
Cross-border 3 (50%) 635M (51%) - -
Total 6 $1.2B 3 $1.2B

Top M&A Advisors

Financial Deals
Morgan Stanley
1
Legal Deals
Smith, Anderson, Blount, Dorsett, Mitchell & Jernigan LLP
1

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 $1.2B
TOTAL $1.2B
Largest Wolfspeed, Inc.
$850M (2016-07-14)

M&A Connections

Deals
Acquired from
Strategic(s)
33%
2 (33%)
Divested to
Strategic(s)
100%
3 (100%)

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