Diodes completes USD 250 million acquisition of ElevATE Semiconductor - DIOD News | RalliesDiodes completes USD 250 million acquisition of ElevATE Semiconductor
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DIOD• Diodes completes ElevATE acquisition
- Diodes completed its USD 250 million all-cash acquisition of ElevATE Semiconductor, a provider of integrated circuits for automated test equipment.
- ElevATE is expected to add about USD 50 million of revenue in the first 12 months following closing.
- The deal is expected to be immediately accretive to revenue, gross margin, and earnings per share.
- ElevATE will run as a product line within Diodes, extending its analog and mixed-signal portfolio in the ATE market.
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