# STMicroelectronics completes full acquisition of Norstel AB

STMicroelectronics closed the full acquisition of Swedish silicon carbide wafer manufacturer Norstel AB for $137.5 million, exercising its option to buy the remaining 45% stake.

- Type: Acquisition
- Announced: 2019-12-02
- Where: Sweden
- Value: $137.5M
- Status: completed
- Products: silicon carbide 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/2019/12/02/1954444/0/en/STMicroelectronics-closes-acquisition-of-silicon-carbide-wafer-specialist-Norstel-AB.html), 2019-12-02: "At a time of constrained global capacity for silicon carbide, the full acquisition of Norstel will strengthen our internal SiC ecosystem."

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