Silex Microsystems will acquire the wafer fabrication activities (Fab) of Elmos Semiconductor at its Dortmund site for a net purchase price of in total EUR 85 million. The transaction further comprises a long-term supply agreement under which Silex Microsystems will supply wafers manufactured in the Fab to Elmos.
Elmos Semiconductor will transfer all relevant assets and contracts that are directly linked to the wafer manufacturing fab into a newly founded stand-alone foundry operation. Silex Microsystems will finally acquire 100% of the shares in this entity. Elmos will also provide infrastructure, utilities, IT support and licenses to Silex based on separate lease, service, supply and license agreements.
The closing of the transaction is expected to take place in the second half of 2022 and is subject to customary closing conditions and regulatory approvals.
Based in Järfälla, Sweden (near Stockholm), Silex Microsystems AB is a global leader for MEMS foundry manufacturing (microelectromechanical systems) and offers state-of-the-art MEMS production of advanced sensors and actuators, mainly for medical, consumer, telecommunication, industrial and automotive applications.
Based in Dortmund, Germany, Elmos Semiconductor SE develops, produces and markets semiconductor products, primarily for use in the automotive industry.
Advisors to Silex Microsystems AB:
SZA Schilling, Zutt & Anschütz:
Dr Martin Kolbinger (lead/corporate law/M&A, Munich), Maximilian Mersch, LL.M. (Nottingham) (corporate law/M&A, Brussels), Dr Andreas Herr (corporate law/M&A, Frankfurt a.M.), Dr Thomas Nägele, Dr Simon Apel, Dr Jonathan Drescher (all commercial/intellectual property/information technology law, Mannheim), Dr Christoph Allmendinger, LL.M. (LSE), Florian Knerr, LL.M. (Virginia) (both real estate law, Frankfurt a.M.), Prof Dr Kristian Fischer (public law, Mannheim), Katharina Steinbrück, LL.M. (U.C. Lan) (labor law, Frankfurt a.M.), Katharina Hornung, LL.B. (labor law, Mannheim), Dr Stephanie Birmanns (foreign investment/competition law, Brussels)
Erik Hygrell (Stockholm)