Crocus: Allegro MicroSystems Acquires Crocus Technology, for USD420M

Allegro MicroSystems (Nasdaq: ALGM), a Manchester, NH-based global leader in sensing semiconductor technology for motion control and energy efficient systems, acquired Crocus Technology, a Milpitas, CA-based company which specializes in advanced Tunnel Magnetoresistance ("TMR") sensor technology, for $420M. The acquisition, which has been approved by the board of directors of both companies, will be funded via a [...]The post Allegro MicroSystems Acquires Crocus Technology, for USD420M appeared first on FinSMEs.