logo
Intelligence
Tracking
Tools
logo
Intelligence
Tracking
Tools

Allegro Microsystems Completes Acquisition Of Crocus Technology To Accelerate Innovation In Tmr Sensing Technology

Oct 31, 2023•about 2 years ago

Acquiring Company

Allegro MicroSystems

Acquired Company

Crocus

ManchesterSanta ClaraManufacturing

Description

Allegro MicroSystems, Inc. (“Allegro”) (Nasdaq: ALGM), a global leader in power and sensing semiconductor technology for motion control and energy efficient systems, today announced that it has completed the acquisition of Crocus Technology, a leader in advanced TMR sensor technology, for $420 million in cash, subject to customary working capital adjustments. This acquisition accelerates Allegro’s TMR roadmap and strengthens its leading position in the magnetic sensing market.

Company Information

Company

Allegro MicroSystems

Location

Manchester, England, United Kingdom

About

Allegro MicroSystems (Nasdaq: ALGM) is redefining the future of sensing and power technologies. From clean energy to advanced mobility and motion control systems, our team is passionate about developing intelligent solutions that move the world forward and give our customers a competitive edge. With global engineering, manufacturing and support, Allegro is a trusted partner to both large enterprises and regional market leaders worldwide. Visit www.allegromicro.com.

Related People

Sign in to view contact details

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed