# Allegro MicroSystems to acquire Crocus Technology for $420M

Allegro MicroSystems has signed a definitive agreement to acquire Crocus Technology, a leader in TMR sensor technology, for $420 million in cash.

- Type: Acquisition
- Announced: 2023-08-08
- Where: United States
- Value: $420.0M
- Status: announced
- Products: TMR sensor technology
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Allegro MicroSystems](https://endata.com/companies/28898.md) (acquirer)
- [Crocus Technology](https://endata.com/companies/71899.md) (target)

## Sources

- [investors.allegromicro.com](https://investors.allegromicro.com/news-releases/news-release-details/allegro-microsystems-acquire-crocus-technology-accelerate/), 2023-08-08: "This highly complementary acquisition aligns perfectly with Allegro's growth initiatives and our focus on e-Mobility, Clean Energy and Automation."

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