© mailthepic dreamstime.com Embedded | August 24, 2020
Investor to acquire a majority stake in congatec
The Deutsche Beteiligungs AG (DBAG) is investing in embedded technology company, congatec Holding AG.
In a management buyout, DBAG Fund VIII, will acquire the majority of the shares from the founding shareholders. The parties have agreed not to disclose the purchase price. The closing of the purchase agreement is still subject to the approval of the antitrust authorities and is scheduled for the fourth quarter of 2020, a press release reads. Jason Carlson, Chairman of congatec's Management Board, points out that the investment of DBAG comes at the right time to unlock diverse market potentials which are increasing as a result of Covid-19. “In DBAG, we have found a strong partner for the further development of our company who is well versed in our customers' key end markets and brings financing and M&A experience - with DBAG and DBAG Fund VIII, we are well positioned to take advantage of these expanding market opportunities,” says Jason Carlson Today, more than two-thirds of congatec's revenue are coming from customers based in Europe, however, the company sees its share of sales with customers from the USA and Asia growing rapidly, and expects this trend to accelerate. congatec also expects the inclusion of computer modules for new processor types to its product range to also drive the company's growth. A key driver for this is the rapidly growing demand for high-performance computing solutions – including industrial and tactile IoT, artificial intelligence and further edge applications that require computing power directly inside the device in real time and not in the cloud. "We expect continued strong growth in digitization," said Dr. Rolf Scheffels, member of the DBAG Management Board, on the occasion of the signing of the contract. The pandemic has given a boost to the Internet of Things and Industry 4.0 – which will further boost demand for the necessary computer components. In recent years DBAG has been intensively involved with companies in the embedded electronics sector and has previously invested Duagon AG.
Vicor ink global distribution agreement with Arrow Vicor Corporation has expanded its Europe, Middle East and Africa relationship with Arrow Electronics, Inc. to a global distribution agreement.
Hemlock Semiconductor acquires DuPont TCS business The Michigan-based provider of ultra-pure polycrystalline silicon announces its acquisition of a DuPont business that makes trichlorosilane (TCS), the primary raw material used in producing the ultra-pure polysilicon HSC supplies to the semiconductor and solar industries.
Huawei opens 5G test centre in Serbia The company has officially opened its latest European centre for innovation and digital development and 5G test lab in Belgrade, Serbia.
First Sensor plans to sell its subsidiaries in USA and France to TE Connectivity Berlin-based First Sensor says it is planning to sell its US-based subsidiary in California, as well as its unit in Paris, France to TE Connectivity.
Sponsored content by Nordson ASYMTEKConformal Coating Results — When You Need Better Than Just "Good Enough" Conformal coating contributes to product quality and reliability, but it is typically viewed as a process that tolerates sufficient results, or "good enough." That view is changing as more advanced and diverse electronic products enter the consumer marketplace, from the Internet of Things to self-driving vehicles.
Silvaco acquires the assets of Coupling Wave Solutions S.A. EDA software and design IP supplier, Silvaco, has completed its acquisition of the assets of Coupling Wave Solutions S.A. (CWS), including IP, patents, and analysis technologies.
Nvidia / Arm deal dubbed as ‘disaster’ by Arm-cofounder The news that US-based Nvidia will acquire Arm from SoftBank Group in a USD 40 billion deal has already sparked some backlash within the industry. One of the vocal parties is Arm-cofounder, Hermann Hauser, who called the deal a disaster and said that it should be blocked.
Everlight criminally convicted for misappropriating Seoul Semi trade secrets LED technology supplier, Seoul Semiconductor, says that the Korean Suwon District Court convicted Everlight Electronics of criminal misappropriation of Seoul’s trade secrets.
It's official - NVIDIA to acquire Arm for $40 billion NVIDIA and SoftBank have entered into a definitive agreement under which NVIDIA will acquire Arm Limited from SoftBank in a transaction valued at USD 40 billion.
Tower Semi: 'all sites up and running following cyber attack' Tower Semiconductor says that all of its manufacturing sites are operational, and targeting full capability within the next few days, following the recovery from the cyber event a few days ago.
Jenoptik invests in new system from ClassOne Jenoptik has invested in a new Solstice LT electroplating system from semiconductor equipment manufacturer ClassOne Technology. The new system will be used for manufacturing semiconductor material for high-power diode lasers at Jenoptik's semiconductor production facility in Berlin-Adlershof, Germany.
MaxLinear acquires NanoSemi, Inc. MaxLinear, a provider of radio frequency (RF), analog, digital and mixed-signal integrated circuits, has completed the acquisition of NanoSemi, a provider of IP that utilises patented machine learning techniques to improve signal integrity and power efficiency in SoCs, ASICs, and FPGAs used in next-gen communication and AI systems.
Delphi secures major power electronics business win The provider of automotive propulsion systems announces that it has secured a major Original Equipment Manufacturer (OEM) electrification business, driving profitable long-term growth.
Yamaichi Electronics' new European factory Japan-based group Yamaichi Electronics has been producing in Frankfurt (Oder), the only manufacturing location of the group in Europe, for almost 15 years. Now production is running out of space.
SnapEDA launches new KiCad plugin to help engineers design electronics faster Today, SnapEDA - a company that helps engineers design electronics faster by removing barriers - is launching a new KiCad plugin, allowing designers to search and download its computer-aided design (CAD) models directly within the KiCad PCB design environment.
One final update from the Infineon site in Villach The shell of Infinion’s massive expansion in Villach, Austria now stands complete. Both the research and factory building are standing tall and the company is in full swing working on the facade as well as the interior.
Tower Semiconductor hit by cyber attack The semiconductor company says that it has taken measures to prevent the expansion of the event, but at this point there is no assessment as to the actual effect on the company.
SMIC responds to reports about a potential blacklist situation Chinese semiconductor foundry, Semiconductor Manufacturing International Corporation (SMIC), found itself in eye of the storm following reports of a potential U.S. ban, much like the one experienced by Huawei.
ON Semi CEO plans to retire ON Semiconductor's president and CEO, Keith D. Jackson, intends to retire from ON Semiconductor in May 2021.
YES partners with Link Fab in Singapore and Malaysia YES (Yield Engineering Systems, Inc.), a manufacturer of process equipment for the semiconductor advanced packaging, life sciences and AR/VR markets, says it has signed an agreement with Link Fab to provide sales and service for YES’s clean, coat and cure systems in Singapore and Malaysia.
Former Digi-Key executive to bring expertise to RS and Allied Electrocomponents has announced the appointment of Chris Beeson to the role of Group Senior Vice President Electronics. Chris will report directly to COO Mike England and will be based at the headquarters of Allied Electronics & Automation in Fort Worth, Texas, USA.
Siltronic ramps up GaN wafer activities with Aixtron system Siltronic AG strengthens its GaN on Silicon wafer activities with an AIX G5+ C system from Aixtron.
Osram went head to head with its contract manufacturer The Munich-based company says that it protects its know how and has concluded a settlement with Taiwanese contract manufacturer Lextar Electronics
Panasonic completes transfer of its semiconductor business Panasonic says it has completed the transfer of its semiconductor business to Nuvoton Technology Corporation, a Taiwan-based semiconductor company under the Winbond Electronics umbrella.
MagnaChip completes the sale of its foundry services and Fab 4 The designer and manufacturer has completed previously announced sale of the its Foundry Services Group and the factory in Cheongju (Fab 4) to Key Foundry Co., Ltd., for approximately USD 350.6 million.Load more news