DGAP-Adhoc: Elmos: Sale and purchase agreement to sell the wafer fab in Dortmund to Silex Microsystems AB for a net purchase price of around 85 million Euro - Long-term supply agreement until at least 2027 signed
DGAP-Ad-hoc: Elmos Semiconductor SE / Key word(s): Disposal/Agreement Public disclosure of inside information pursuant to Art. 17 MAR Today, Elmos Semiconductor SE (FSE: ELG, "Elmos") and Silex Microsystems AB, Sweden ("Silex"), signed a sale and purchase agreement (SPA) to transfer the Elmos 200mm wafer fabrication activities at the Dortmund location ("fab") to Silex. To accommodate the acquisition, Elmos will transfer all relevant assets and contracts that are directly linked to the wafer manufacturing into a newly founded stand-alone company. At closing, Silex will acquire 100% of the shares of this entity, including direct and indirect personnel under the leadership of the former management of the Elmos fab. Elmos will remain the owner of the building but will lease the clean room to Silex based on a long-term lease agreement. Elmos will also provide the necessary infrastructure, utilities, IT-support and licenses to Silex based on separate lease and service agreements. The testing activities for Elmos products will at Elmos. In addition, Elmos and Silex have entered into a long-term supply agreement until at least 2027, with Elmos buying processed wafers produced at the fab. This complements the supply agreements already in place with the other foundry partners. Elmos will sell its wafer fabrication activities in Dortmund for a net purchase price of 77.5 million Euro plus around 7 million Euro for the work-in-progress inventory. The total purchase price therefore is around 85 million Euro. The closing of the transaction is expected to take place in the second half of 2022 and is subject to customary closing conditions and regulatory approvals. The EBIT margin guidance for the full year 2021 published on November 4, 2021 (EBIT margin: 17% ± 2 percentage points) already includes transaction-related expenses and therefore remains unchanged. Contact About Elmos Notice
14-Dec-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | Elmos Semiconductor SE |
Heinrich-Hertz-Str. 1 | |
44227 Dortmund | |
Germany | |
Phone: | +49 (0)231 7549-575 |
Fax: | +49 (0)231 7549-111 |
E-mail: | [email protected] |
Internet: | http://www.elmos.com |
ISIN: | DE0005677108 |
WKN: | 567710 |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1257367 |
End of Announcement | DGAP News Service |
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1257367 14-Dec-2021 CET/CEST
Elmos Semiconductor AG Stock
With 9 Buy predictions and not the single Sell prediction the community is currently very high on Elmos Semiconductor AG.
As a result the target price of 86 € shows a slightly positive potential of 17.81% compared to the current price of 73.0 € for Elmos Semiconductor AG.