Penguin Solutions completes sale of remaining 19% stake in Zilia Technologies for $46.08M

Penguin Solutions, Inc.

Sold remaining 19% interest in Zilia Technologies to Lexar Europe B.V. for $46.08 million.
Transaction closed on March 30, 2026; Penguin Solutions no longer holds any interest in Zilia.
Buyer previously acquired 81% of Zilia in November 2023; Zilia now wholly owned by Lexar Europe.
Zilia assembles and tests memory modules for electronics manufacturers selling to Brazilian consumers.

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