Indie Semiconductor Buys Swiss Co. Exalos for about M
Indie Semiconductor Automobile-focused Indie Semiconductor in Aliso Viejo has purchased Exalos AG, a privately held Swiss company specializing in t...
Indie Semiconductor Automobile-focused Indie Semiconductor in Aliso Viejo has purchased Exalos AG, a privately held Swiss company specializing in the design of high-performance optical semiconductors, for about $45 million. 'In addition, if certain revenue-based performance targets are exceeded over a 24-month post-closing period, there is an opportunity for such holders to earn up to $20 million more in cash or Indie Class A common shares, at Indie's election,' Indie (Nasdaq: INDI) said in a statement yesterday announcing the purchase.