Allegro MicroSystems, Inc. completed the acquisition of Heyday Integrated Circuits.
September 31, 2022
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Allegro MicroSystems, Inc. (NasdaqGS:ALGM) entered into an agreement to acquire Heyday Integrated Circuits for $19.7 million on May 31, 2022. Consideration for the acquisition of Heyday subject to customary purchase price adjustments. The Heyday acquisition will complement Allegro's existing solutions for energy efficiency, including its market-leading current sensor solutions. Additionally, it is expected to significantly expand Allegro's addressable market for electric vehicles (xEV), solar inverters, datacenter and 5G power supplies, and broad-market industrial applications. The acquisition is expected to close in the third quarter of calendar year 2022, subject to customary closing conditions and required regulatory approvals. Alexander Crosthwaite of Latham & Watkins LLP (Paris) acted as legal advisor to Allegro MicroSystems, Inc.
Allegro MicroSystems, Inc. (NasdaqGS:ALGM) completed the acquisition of Heyday Integrated Circuits on September 1, 2022.
Allegro MicroSystems, Inc. is a global designer, developer, fabless manufacturer, and marketer of sensor integrated circuits (ICs) and application-specific analog power ICs. The Company is a supplier of magnetic sensor IC solutions in the automotive market. Its sensor ICs enable its customers to precisely measure motion, speed, position and current, while its power ICs include high-temperature and high-voltage capable motor drivers, power management ICs, light-emitting diode driver ICs and isolated gate drivers. Its diverse product portfolio provides solutions for the electrification of vehicles, automotive advanced driver assistance systems (ADAS) safety features, automation for Industry 4.0 and power saving technologies for data centers and green energy applications. The Company, through its subsidiary, Crocus Technology, Inc. offers advanced Tunnel Magnetoresistance (TMR) sensor technology solutions to designers and manufacturers of industrial, automotive and consumer electronics.
ALLEGRO MICROSYSTEMS, INC. 
