on ELMOS Semiconductor AG (ETR:ELG)
Elmos Semiconductor SE Completes Acquisition of DMOS GmbH Shares
Elmos Semiconductor SE, a leader in automotive mixed-signal semiconductors, announced the acquisition of minority shares in DMOS GmbH. This transaction grants Elmos full ownership of its Dresden-based subsidiary. With the acquisition finalized, DMOS GmbH has retracted a recent insolvency filing, with court proceedings expected to terminate shortly. This move eliminates uncertainties surrounding DMOS GmbH's operations.
The acquisition aims to bolster cooperation between Elmos and its development unit, ensuring stability and security for employees in Dresden. This strategic step reinforces Elmos' commitment to its subsidiaries, underpinning its continued focus on innovation in automotive microchip solutions.
R. H.
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