# Allegro MicroSystems completes acquisition of Crocus Technology for $420M

Allegro MicroSystems completed the acquisition of Crocus Technology, a leader in TMR sensor technology, for $420 million in cash. The acquisition accelerates Allegro's TMR roadmap and strengthens its position in magnetic sensing.

- Type: Acquisition
- Announced: 2023-10-30
- Where: United States
- Value: $420.0M
- Status: completed
- Products: TMR sensor technology, magnetic sensing semiconductors
- 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

- [allegromicro.com](https://www.allegromicro.com/en/about-allegro/newsroom/press-releases/2023/crocus-acquisition), 2023-10-30: "Allegro MicroSystems, Inc. today announced that it has completed the acquisition of Crocus Technology, a leader in advanced TMR sensor technology, for $420 million in cash."

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