# Indie Semiconductor acquires EXALOS AG for $45 million

Indie Semiconductor has completed the acquisition of EXALOS AG, a Swiss photonics company, for approximately $45 million in stock, with potential earn-out of up to $20 million. The deal expands indie's automotive technology portfolio.

- Type: Acquisition
- Announced: 2023-09-19
- Where: Zürich, Switzerland, Switzerland
- Value: $45.0M
- Status: completed
- Products: super luminescent LEDs, Semiconductor Optical Amplifiers, laser and silicon photonics products
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [indie Semiconductor](https://endata.com/companies/39192.md) (acquirer)
- [EXALOS](https://endata.com/companies/72688.md) (target)

## Sources

- [eenewseurope.com](https://www.eenewseurope.com/en/indie-semiconductor-buys-exalos-ag-boosts-automotive-portfolio/), 2023-09-19: "indie paid approximately $45 million to EXALOS equity holders comprised of 6.6 million indie Class A common shares"

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