Acquisitions · Semiconductor materials
Stanley Electric buys North Carolina aluminum nitride substrate maker HexaTech
- Buyer
- Stanley Electric (Tokyo)
- Target
- HexaTech Inc., Morrisville, North Carolina
- Value
- About ¥4.2B
- Status
- Agreed on November 25, 2019; completed in 2019.
- Date
- 2019-11-25
Stanley Electric agreed to buy HexaTech Inc., a Morrisville, North Carolina maker of aluminum nitride substrates, for about ¥4.2 billion. The value comes from Stanley's Japanese disclosure.
Why it matters
The deal secured a supply of substrate material for Stanley, a maker of lighting and LED products, including deep-ultraviolet LEDs.
Sources
Kakehashi M&A News home
