Diodes completes acquisition of ElevATE Semiconductor

Diodes Incorporated acquires ElevATE Semiconductor from Presidio Investors

July 10, 2026

IT Services

Diodes Incorporated entered into a definitive agreement to acquire ElevATE Semiconductor, Inc. in an all-cash transaction valued at $250 million (with up to $50 million earnout contingent on targets), for total consideration up to $300 million. ElevATE is a fabless designer of low-power, high-density integrated circuits for automated test equipment (ATE).

Allegion to Acquire ELATEC in €330 Million Deal

July 1, 2025

Cybersecurity

Allegion plc signed a definitive agreement to acquire ELATEC (including Elatec GmbH and other group entities) from Summit Partners for €330 million on a cash-free, debt-free basis. The deal is expected to close in the third quarter of 2025, pending customary closing conditions.

Teledyne Acquires Select Aerospace and Defense Electronics Businesses from Excelitas

February 3, 2025

Aerospace & Defense

Teledyne Technologies agreed to acquire select aerospace and defense electronics businesses from Excelitas Technologies for approximately $710 million in cash. The deal includes Excelitas’ Optical Systems (Qioptiq) business in Northern Wales, UK and its U.S.-based Advanced Electronic Systems (AES) business, which will be integrated into Teledyne’s Aerospace and Defense Electronics segment.

Ansys Acquires Diakopto

May 16, 2023

Software

Ansys entered into a definitive agreement to acquire Diakopto, a provider of differentiated EDA solutions focused on interconnect parasitic analysis for integrated circuits. The acquisition is intended to expand Ansys' multiphysics simulation and signoff capabilities—helping IC designers detect parasitic-related issues earlier in the design flow—and was expected to close in Q2 2023 subject to customary conditions.

Presidio-Managed Continuation Vehicle and Kline Hill Partners Acquire Controlling Interest in ElevATE Semiconductor

May 11, 2023

Manufacturing

Presidio Investors' continuation vehicle, led in the transaction by Kline Hill Partners, completed a final close to acquire a controlling interest in ElevATE Semiconductor from Presidio Investors Fund II and other shareholders. ElevATE, a San Diego-based designer of low-power, high-density integrated circuits for automated test equipment, will receive longer-term capital to support R&D, sales channel expansion and continued growth.

Executech Acquires Elevate

November 15, 2021

IT Services

Executech, backed by Evergreen Services Group, has acquired Elevate, an IT support provider based in Richland, Washington. The Elevate team (led by CEO Paul Carlisle) will join Executech as the Tri-Cities office, expanding Executech's geographic reach and access to cybersecurity and cloud services.