GaN Systems to Be Acquired by Infineon Technologies
Infineon Technologies AG and GaN Systems Inc. announced that the companies have signed a definitive agreement under which Infineon will acquire GaN Systems for US$830 million. GaN Systems is a global technology leader in the development of GaN-based solutions for power conversion. The company is headquartered in Ottawa, Canada, and has more than 200 employees. With the acquisition Infineon aims to strengthen its GaN portfolio.