Littelfuse Acquires 200mm Wafer Fab In Germany For €93M
Portfolio Pulse from Akanksha Bakshi
Littelfuse, Inc. (NASDAQ:LFUS) has agreed to acquire a 200mm wafer fab in Dortmund, Germany, from Elmos Semiconductor SE for approximately €93 million. The acquisition is expected to close early in FY25 and is not expected to have a material impact on LFUS' FY23 or FY24 financial results. LFUS shares traded higher by 0.23% at $281.28 on the last check Wednesday.
June 28, 2023 | 1:51 pm
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POSITIVE IMPACT
Littelfuse's acquisition of a 200mm wafer fab in Germany is expected to expand business opportunities in high-growth industrial end markets. The deal is not expected to have a material impact on LFUS' FY23 or FY24 financial results.
The acquisition is a strategic move for Littelfuse to expand its business opportunities in high-growth industrial end markets. However, it is not expected to have a material impact on the company's financial results for FY23 or FY24, indicating that the company has planned for this expenditure. The news of the acquisition led to a slight increase in LFUS shares, indicating a positive market response.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100