Add-on Acquisition • Semiconductors

Renesas Electronics Acquires Panthronics

On March 22, 2023, Renesas Electronics acquired semiconductors company Panthronics

Acquisition Context
  • This is Renesas Electronics’ 5th transaction in the Semiconductors sector.
  • This is Renesas Electronics’ 1st transaction in Austria.

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M&A Deal Summary

Date March 22, 2023
Target Panthronics
Sector Semiconductors
Buyer(s) Renesas Electronics
Deal Type Add-on Acquisition

Target Company

Panthronics

Graz, Austria
Panthronics is a fabless semiconductor company specializing in high-performance wireless products. The company has been offering advanced NFC chipsets and software that are easy to apply, innovative, small-in-size, and highly efficient for payment, IoT, and NFC wireless charging. Panthronics is based in Graz, Austria.
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Buyer Overview 1

Buyer

Renesas Electronics

Tokyo, Japan

Category Company
Founded 2002
Sector Semiconductors
Employees21,907
Revenue 1.35T JPY (2024)
DESCRIPTION

Renesas Electronics delivers semiconductor solutions that enable billions of connected, intelligent devices to enhance the way people work and live. Renesas is a supplier of microcontrollers, and a leader in Analog & Power and SoC products, Renesas provides the expertise, quality, and comprehensive solutions for a broad range of Automotive, Industrial, Home Electronics (HE), Office Automation (OA) and Information Communication Technology (ICT) applications to help shape a limitless future. Renesas Electronics was founded in 2002 and is based in Tokyo, Japan.


Deal Context for Buyer #
Overall 8 of 10
Sector: Semiconductors 5 of 6
Type: Add-on Acquisition 7 of 9
Country: Austria 1 of 1
Year: 2023 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-31 Steradian

Bangalore, India

Steradian is a fabless semiconductor company that builds 4D Imaging Radar Products in the Milli-Meter wave band for the worldwide Automotive and Driver Assistance Market. The company is developing Radar Transceiver and complete Radar Sensor Systems for Imaging Radar. Steradian builds all the components of the Radar Systems including the RF/Digital Mixed Signal Radar Transceiver, FPGA/ASIC-based Radar Signal Processing, Solution PCB, and Integrated Antennas. It is a fully funded start-up - hiring aggressively over the next couple of quarters in the domains of Antenna Design & DSP. Steradian was formed in 2016 and is based in Bangalore, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-15 Altium

La Jolla, California, United States

Altium is a multinational software corporation, that focuses on electronics design systems for 3D PCB design and embedded system development. Altium was incorporated in 1985 and is based in La Jolla, California.

Buy AU$9.1B