Allegro MicroSystems to acquire Crocus Technology for $420M cash to boost TMR sensing

ALLEGRO MICROSYSTEMS, INC.

Purchase price: $420 million in cash; funded from existing cash and new debt issuance.
Crocus is a leader in Tunnel Magnetoresistance (TMR) sensor technology with over 200 patents.
TMR sensor market expected to approach $1B by 2030, growing at ~30% CAGR in auto and industrial.
Transaction expected to close by end of calendar year 2023 subject to customary regulatory approvals.
Allegro stockholders' approval not required; boards of both companies have approved.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.