indie Semiconductor Acquires EXALOS AG for $45 Million
September 27, 2023
indie Semiconductor has completed the acquisition of Swiss photonics company EXALOS AG for about $45 million in stock, with up to $20 million of additional contingent consideration tied to 24-month revenue-based performance targets. The deal secures EXALOS' SLED and SOA technologies and a team of ~17 engineers to expand indie's laser and silicon photonics portfolio and accelerate its Autotech offerings to global tier‑1 suppliers and automotive OEMs.
- Buyers
- indie Semiconductor
- Targets
- EXALOS AG
- Sellers
- EXALOS equity holders
- Industry
- Manufacturing
- Location
- Zürich, Switzerland
- Transaction Type
- Buyout
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