Navitas Semiconductor will pay $216M at closing for power management firm Claros in a deal valued at up to $232.8M.
Navitas Semiconductor announced plans to acquire Claros, a provider of power management solutions, in a deal worth up to $232.8M. The transaction includes $216M payable at closing, structured as a mix of cash and shares.
The acquisition aims to expand Navitas’ portfolio in power management technologies. No prior valuation or consensus estimates for the deal were disclosed. The transaction is expected to close in the coming months.
Shares of NVTS were halted pending the announcement, with no immediate market reaction reported.