# STMicroelectronics to acquire majority stake in Norstel AB

STMicroelectronics signed an agreement to acquire 55% of Swedish silicon carbide wafer manufacturer Norstel AB, with an option to buy the remaining 45% for a total consideration of $137.5 million.

- Type: Acquisition
- Announced: 2019-02-06
- Where: Norrköping, Sweden, Sweden
- Value: $137.5M
- Status: announced
- Products: silicon carbide wafers, epitaxial wafers
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [STMicroelectronics](https://endata.com/companies/21952.md) (acquirer)
- [Norstel AB](https://endata.com/companies/37157.md) (target)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2019/02/06/1711795/0/en/STMicroelectronics-to-Acquire-Majority-Stake-in-Silicon-Carbide-Wafer-Manufacturer-Norstel-AB.html), 2019-02-06: "ST will acquire 55% of Norstel's share capital, with an option to acquire the remaining 45% subject to certain conditions, which, if exercised, will result in total consideration of $137.5 million."
- [globenewswire.com](https://www.globenewswire.com/news-release/2019/02/06/1711795/0/en/stmicroelectronics-to-acquire-majority-stake-in-silicon-carbide-wafer-manufacturer-norstel-ab.html), 2019-02-06: "ST will acquire 55% of Norstel's share capital, with an option to acquire the remaining 45% subject to certain conditions, which, if exercised, will result in total consideration of $137.5 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.