Penguin Solutions agrees to sell Cree LED to Transom Capital Group

Penguin Solutions has entered into a definitive agreement to sell its Cree LED business to Transom Capital Group. The transaction will position Cree LED as a standalone LED business under Transom's ownership. Financial terms were not disclosed.

“Today's announcement marks another milestone in Penguin Solutions' transformation into a pure-play, data center-focused company at the intersection of AI infrastructure and memory.”ir.penguinsolutions.com

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• ir.penguinsolutions.comPenguin Solutions - Penguin Solutions Announces Agreement to Sell Cree LED to Transom Capital GroupNov 4, 2026

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