M&A Deal Summary

Littelfuse Acquires ON Semiconductor - Select Product Portfolio

On August 25, 2016, Littelfuse acquired automotive company ON Semiconductor - Select Product Portfolio from onsemi for 104M USD

Acquisition Highlights
  • This is Littelfuse’s 2nd transaction in the Automotive sector.
  • This is Littelfuse’s 6th largest (disclosed) transaction.
  • This is Littelfuse’s 10th transaction in the United States.
  • This is Littelfuse’s 1st transaction in Arizona.

M&A Deal Summary

Date 2016-08-25
Target ON Semiconductor - Select Product Portfolio
Sector Automotive
Buyer(s) Littelfuse
Sellers(s) onsemi
Deal Type Divestiture
Deal Value 104M USD

Target

ON Semiconductor - Select Product Portfolio

Phoenix, Arizona, United States
ON Semiconductor Corp. - Select Product Portfolio includes transient voltage suppression (“TVS”) diodes, switching thyristors and insulated gate bipolar transistors (“IGBT”) for automotive ignition applications.

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Buyer(S) 1

Buyer

Littelfuse

Chicago, Illinois, United States

Category Company
Founded 1927
Sector Electronics
Employees16,000
Revenue 2.4B USD (2023)
DESCRIPTION

Littelfuse is a provider of circuit protection with growing global platforms in power control and sensing. The company serves customers in electronics, automotive and industrial markets with technologies including fuses, semiconductors, polymers, ceramics, relays and sensors. Littelfuse was founded in 1927 and is based in Chicago, Illinois.


DEAL STATS #
Overall 20 of 27
Sector (Automotive) 2 of 2
Type (Divestiture) 5 of 5
State (Arizona) 1 of 1
Country (United States) 10 of 15
Year (2016) 2 of 2
Size (of disclosed) 6 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-04 Menber’s

Legnago, Italy

Menber’s specializes in the design, manufacturing, and selling of manual and electrical battery switches and trailer connectors for commercial vehicles. Menber’s passion for its work and innovation has allowed it to grow, expand production systems and become a leading supplier to vehicle manufacturers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-10 U.S. Sensor

Orange, California, United States

U.S. Sensor Corp. is a manufacturer of an extensive variety of high quality negative temperature coefficient (NTC) thermistors as well as thermistor probes and assemblies. The company’s products are produced using proprietary state-of-the-art processing techniques for long term reliability. Product lines also include Thin Film Platinum resistance temperature detectors (RTDs) and RTD assemblies. Customers world-wide use U.S. Sensor thermistors and RTDs in their most demanding applications.

Buy -

Seller(S) 1

SELLER

onsemi

Phoenix, Arizona, United States

Category Company
Founded 1992
Sector Semiconductors
Employees31,000
Revenue 8.3B USD (2023)
DESCRIPTION
ON Semiconductor's corporate headquarters in Phoenix, Arizona.
ON Semiconductor's corporate headquarters in Phoenix, Arizona.

onsemi is a designer, developer, manufacturer, and marketer of semiconductor components that addresses the design needs of electronic systems and products. onsemi supplies power and data management semiconductors and standard semiconductor components worldwide. onsemi was founded in 1992 and is based in Phoenix, Arizona.


DEAL STATS #
Overall 1 of 2
Sector (Automotive) 1 of 1
Type (Divestiture) 1 of 2
State (Arizona) 1 of 1
Country (United States) 1 of 2
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-18 Fairchild Semiconductor International

San Jose, California, United States

Fairchild Semiconductor International, Inc. is a designer, developer and manufacturer of logic, discrete, analog and non-volatile memory semiconductors.

Buy $2.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-27 Quantenna Communications

Fremont, California, United States

Quantenna Communications, Inc. designs, develops, and markets advanced high-speed wireless communication solutions enabling wireless local area networking. The Company's solutions are designed to deliver Wi-Fi performance to support an increasing number of connected devices accessing a rapidly growing pool of digital content. Quantenna combines its Wi-Fi systems and software expertise with high-performance radio frequency, mixed-signal and digital semiconductor design skills to provide highly integrated solutions to its customers. Quantenna was formed in 2006 and is based in Fremont, California.

Buy $1.1B