Diodes Incorporated acquires ElevATE Semiconductor from Presidio Investors

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).