Silex Microsystems AB agreed to acquire 200mm Wafer Fabrication Activities at Dortmund location of Elmos Semiconductor SE (XTRA:ELG) for €84.5 million on December 14, 2021. Under the terms, the net purchase price includes €77.5 million plus around €7 million for the work-in-progress inventory. At closing, Silex will acquire 100% of the shares of this entity, including direct and indirect personnel under the leadership of the former management of the Elmos fab.

Elmos will remain the owner of the building but will lease the clean room to Silex based on a long-term lease agreement. The transaction is subject to customary closing conditions and regulatory approvals and closing is expected to take place in the second half of 2022. As of November 9, 2022, the transaction has been rejected by the German Federal Cabinet.

ATREG, Inc advised Elmos Semiconductor SE. Sonja Groht, Marion Sangen-Emden, Tobias Woltering, Mathis Dick, Götz Karrer, Astrid Luedtke, Beatrice Stange, Michael Kreisler, Christoph Hexel, Dominik Eickemeier, Lutz Keppeler and Kristina Schneider of Heuking Kühn Lüer Wojtek acted as legal advisor to Elmos Semiconductor SE.