With headquarters in both the US and Holland, IXYS was a global pioneer in the power semiconductor market with a focus on medium- to high-voltage power semiconductors across the industrial, communications, consumer and medical device markets and also included the Zilog Z8 family of microcontrollers. That side of the business does not currently fit with the Littelfuse focus on power devices.
“Today marks a significant step forward in our company strategy to accelerate growth within the power control and industrial OEM markets,” said Dave Heinzmann, President and Chief Executive Officer of Littelfuse. “The combination of our companies brings together a broad power semiconductor portfolio, complementary technology expertise and a strong talent pool.”
Littelfuse expects to see more than $30m of saving in the first two years with a joint value to the venture of $1.5bn. IXYS founder Dr. Nathan Zommer has been appointed to the Littelfuse Board of Directors, increasing the size of the board to nine members.