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Littelfuse Inc. (NASDAQ:LFUS), Chicago, IL, has agreed to acquire all of the outstanding shares of IXYS Corporation (NASDAQ:IXYS), Milpitas, CA, a developer of power semiconductors, solid state relays, high voltage integrated circuits and microcontrollers. The transaction represents an equity value of approximately $750 million and an enterprise value of $655 million.
IXYS reported revenues of $322 million in its fiscal 2017. The combined company is expected to have annual revenues of approximately $1.5 billion.