# Elmos Semiconductor sells Silicon Microstructures to TE Connectivity for USD 95 million

Elmos Semiconductor AG signed an agreement to sell its stake in Silicon Microstructures Inc. (SMI) to Measurement Specialties Inc., a subsidiary of TE Connectivity Ltd., based on a net debt-free enterprise value of USD 95.0 million. Closing is expected in 2019.

- Type: Acquisition
- Announced: 2019-09-20
- Where: Milpitas, California, United States
- Value: $95.0M
- Status: announced
- Products: semiconductors, sensors
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Elmos Semiconductor](https://endata.com/companies/36142.md)
- [TE Connectivity](https://endata.com/companies/16155.md) (acquirer)
- [Elmos Semiconductor](https://endata.com/companies/36142.md) (partner)
- [Silicon Microstructures](https://endata.com/companies/42223.md) (target)
- [Measurement Specialties](https://endata.com/companies/42224.md) (acquirer)

## Sources

- [elmos.com](https://www.elmos.com/english/about-elmos/newsroom/press-releases/news/ad-hoc-elmos-semiconductor-ag-signs-an-agreement-to-sell-its-stake-in-silicon-microstructures-inc-to-te-connectivity-ltd-based-on-a-net-debt-free-enterprise-value-of-usd-950-million.html), 2019-09-20: "Elmos Semiconductor AG signed an agreement today to sell Silicon Microstructures Inc. (SMI) to Measurement Specialties Inc."
- [electronicsweekly.com](https://www.electronicsweekly.com/news/business/te-connectivity-buys-silicon-microstructures-2019-09/), 2019-09-24: "The acquisition of Silicon Microstructures will expand TE’s capabilities in pressure sensing technology, particularly in medical, transportation, and industrial applications."
- [electronicdesign.com](https://www.electronicdesign.com/technologies/test-measurement/article/21210272/te-connectivity-completes-acquisition-of-silicon-microstructures-inc), 2019-10-07: "Measurement Specialties Inc., a subsidiary of TE Connectivity Ltd., completed the previously announced acquisition of Silicon Microstructures Inc. from Elmos Semiconductor AG on Sept. 30."
- [siliconsemiconductor.net](https://siliconsemiconductor.net/article/109110/TE_Connectivity_signs_agreement_to_acquire_Silicon_Microstructures), 2019-10-18: "The acquisition of Silicon Microstructures will expand TE’s global leadership in pressure sensing technology, particularly in medical, transportation, and industrial applications."

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