Acquisition significantly expands capabilities across high growth power semiconductor markets
Global provider of circuit protection solutions, Littelfuse Inc. has entered into an agreement to acquuire IXYS Corp., a global pioneer in the power semiconductor and integrated circuit markets with a focus on medium to high voltage power control semiconductors across the industrial, communications, consumer and medical markets.
IXYS has a broad customer base, serving more than 3,500 customers through its direct salesforce and global distribution partners. IXYS reported revenues of $322 million in its fiscal 2017 with an adjusted EBITDA margin of approximately 13.5%.
“As the largest acquisition in our 90-year history, this is an exciting milestone for Littelfuse,” says Dave Heinzmann, president and CEO, Littelfuse. “IXYS’ extensive power semiconductor portfolio and technology expertise fit squarely within our strategy to accelerate our growth within power control and industrial OEM markets. The combination of Littelfuse and IXYS unites complementary capabilities, cultures and relationships.”