Littelfuse to Acquire 200mm Wafer Fab Located in Dortmund, Germany For €93M
Portfolio Pulse from Benzinga Newsdesk
Littelfuse, Inc. (NASDAQ:LFUS) has announced a definitive purchase agreement to acquire a 200mm wafer fab in Dortmund, Germany from Elmos Semiconductor SE for approximately €93M. The acquisition is expected to close early in fiscal year 2025. The transaction is not expected to have a material impact on the company's fiscal year 2023 or 2024 financial results.
June 28, 2023 | 10:03 am
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Littelfuse's acquisition of a wafer fab in Germany is a strategic move to expand its manufacturing capabilities. However, the transaction is not expected to have a significant impact on the company's financial results for FY 2023 or 2024.
The acquisition is a strategic move for Littelfuse to expand its manufacturing capabilities. However, the company has stated that the transaction will not have a material impact on its financial results for the fiscal years 2023 and 2024, suggesting that the financial impact of this acquisition has been well planned and accounted for.
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