M&A Deal Summary

indie semiconductor Acquires TeraXion

On August 31, 2021, indie semiconductor acquired manufacturer TeraXion from BDC Capital for 159M USD

Acquisition Highlights
  • This is indie semiconductor’s 1st transaction in the Manufacturing sector.
  • This is indie semiconductor’s largest (disclosed) transaction.
  • This is indie semiconductor’s 1st transaction in Canada.
  • This is indie semiconductor’s 1st transaction in Quebec.

M&A Deal Summary
Date 2021-08-31
Target TeraXion
Sector Manufacturing
Buyer(s) indie semiconductor
Sellers(s) BDC Capital
Deal Type Add-on Acquisition
Deal Value 159M USD

Target

TeraXion

Québec, Quebec, Canada
TeraXion is a manufacturer of innovative photonic components that incorporate fiber Bragg gratings, low noise lasers, and integrated photonics. Its unique expertise and its ability to develop and transform technology into leading-edge products make it a prime partner for its clients: key companies in light and heavy manufacturing, telecommunications, medical equipment, aerospace, and defense. TeraXion was founded in 2000 and is based in Quebec City.

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Buyer(S) 1

Buyer

indie semiconductor

Aliso Viejo, California, United States
Category Company
Founded 2007
Sector Semiconductors
Employees900
Revenue 223M USD (2023)
DESCRIPTION

indie Semiconductor designs and manufactures custom, microcontroller-based chips, using ARM cores. indie is empowering the Autotech revolution with next-generation automotive semiconductors and software platforms. indie semiconductor was founded in 2007 and is based in Aliso Viejo, California.

DEAL STATS #
Overall 1 of 6
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 1 of 4
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2021) 1 of 2
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-25 Symeo

Munich, Germany

Symeo specializes in RADAR hardware and software for emerging autonomous automotive and industrial applications. Symeo is based in Munich, Germany.

Buy -

Seller(S) 1

SELLER

BDC Capital

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Size Large
Type Sector Agnostic
DESCRIPTION

BDC Capital is the direct investment arm of financial services firm BDC. BDC Capital looks to invest in and provide financing to venture and growth-stage Canadian companies. The Firm's growth-stage investment unit looks to commit $3 to $35 million for minority positions in mid-market companies focused on growth. The Group does not have any sector preferences but does prefer to invest in profitable companies. BDC Capital is headquartered in Montreal.

DEAL STATS #
Overall 5 of 10
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 3 of 6
State (Quebec) 2 of 5
Country (Canada) 4 of 9
Year (2021) 3 of 4
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-17 NuChem Sciences

Saint-Laurent, Quebec, Canada

NuChem Sciences offers a variety of services to support international biotech and pharmaceutical industries in their efforts to identify and optimize pre-clinical candidates in the area of small molecule drug discovery and early development. NuChem Sciences was formed in 2011 and is based in Saint-Laurent, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-08 Lou-Tec

Monteal, Quebec, Canada

Lou-Tec is involved in the rental of heavy machinery, specialized equipment, and tools used in construction, renovation, and maintenance of commercial, industrial, institutional, and residential buildings. Due to strong growth and being at the forefront of trends in the industry, the company continuously invests in new equipment and new technologies to offer its customers reliable, safe, and efficient equipment. Its rental experts are highly qualified and are committed to providing personalized and impeccable service. Lou-Tec was founded in 1979 and is based in Monteal, Quebec.

Buy -
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