Navitas to Acquire GeneSiC for Up to ~$232.8 Million

NVTS Navitas Semiconductor Corp

$11.30 -5.60%

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1. 1Navitas Semiconductor (NVTS) agrees to acquire power management technology company GeneSiC for up to approximately $232.8 million
2. 2$216 million in cash and stock to be paid at closing, with the remainder paid in stock upon achievement of milestones
3. 3More than doubles addressable market to over $8 billion by 2030; deal expected to close before year-end

Source Bloomberg +1 · View original ↗

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