Littlefuse, a company focused on circuit protection as well as power control and sensing has agreed to purchase power semiconductor firm IXYS. Under the agreement valued at about $750 million, Littelfuse will acquire all of the outstanding shares of the company in a cash and stock transaction. The combined company is projected to have annual revenues of about $1.5 billion.
IXYS Acquisition Benefits
According to Littlefuse, strategic benefits of the acquisition include a broader technology platform and the ability to expand growth into industrial and electronics markets. Littlefuse also anticipates increased long-term penetration of its power control products in automotive markets, thus expanding global content per vehicle. Furthermore, Littlefuse expects to gain engineering expertise and intellectual property related to high voltage and silicon carbide semiconductor technologies.
“As the largest acquisition in our 90-year history, this is an exciting milestone for Littelfuse,” said Dave Heinzmann, president and CEO, Littelfuse. “IXYS’ extensive power semiconductor portfolio and technology expertise fit squarely within our strategy to accelerate our growth within power control and industrial OEM markets. The combination of Littelfuse and IXYS unites complementary capabilities, cultures, and relationships.”
“IXYS will operate as the cornerstone of the combined companies’ power semiconductor business,” said Dr. Nathan Zommer, chairman and CEO of IXYS.
“The combination of IXYS and Littelfuse creates a stronger player in the power semiconductor industry, with the ability to leverage our collective resources and portfolio to create increased value for our customers,” added Uzi Sasson, president of IXYS.