“We look forward to working together to bring Crocus’s TMR technology and our combined value proposition to our customers,” said Vineet Nargolwala, President and CEO of Allegro. “This highly strategic acquisition demonstrates Allegro’s commitment to its leadership position in magnetic sensing. Furthermore, we expect this combination to solidify Allegro as a leading TMR semiconductor company, capitalizing on a unique opportunity to drive greater adoption of TMR technology in strategic, high-growth areas such as e-mobility, clean energy, and automation.”
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Allegro MicroSystems completes acquisition of Crocus Technology to accelerate innovation in TMR detection technology
Allegro MicroSystems, Inc. today announced that it has completed the acquisition of Crocus Technology, a provider of advanced TMR sensor technology, for $420 million in cash. This acquisition accelerates Allegro's TMR roadmap and strengthens its leadership position in the magnetic sensor market: "On behalf of the entire company, I am delighted to welcome the Crocus team to Allegro."
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