EV Engineering & Infrastructure

  • News
  • Articles
  • Batteries
  • Charging
    • Wireless Charging
    • Vehicle-to-Grid (V2G)
  • Electrification
  • Testing and Safety
  • R&D
  • Learn
    • Learning Center
    • Tech Toolboxes
    • Webinars
  • Resources
    • Digital Editions
    • Diversity & Inclusion
  • Advertise
  • Subscribe

Allegro acquires Crocus Technology, aiming to advance TMR sensing technology

By Michelle Froese | November 16, 2023

Learn more about TMR technology here.

Allegro MicroSystems, a global provider of power and sensing semiconductor technology, announced that it has completed the acquisition of Crocus Technology, an expert in advanced TMR sensor technology.

The cost: $420 million in cash, subject to customary working capital adjustments.

This acquisition accelerates Allegro’s TMR roadmap and strengthens its leading position in the magnetic sensing market. Tunnel Magnetoresistance (TMR) currently represents the fastest-growing technology in magnetic sensing with an estimated 30% CAGR through 2030.

“On behalf of the entire company, I am thrilled to welcome the Crocus team to Allegro. We look forward to working together to bring Crocus’ TMR technology and our combined value proposition to our customers,” said Vineet Nargolwala, President and CEO of Allegro. “We expect this combination to solidify Allegro as a leading TMR semiconductor company by leveraging a unique opportunity to drive broader adoption of TMR technology across high-growth strategic focus areas, including e-mobility, clean energy, and automation.”

The acquisition was funded by a combination of cash on hand and a new seven-year $250 million senior secured term loan.

You Might Also Like


Filed Under: Technology News
Tagged With: allegromicrosystems
 

Next Article

← Previous Article
Next Article →


 
“ee
EXPAND YOUR KNOWLEDGE AND STAY CONNECTED
Get the latest info on technologies, tools and strategies for EV professionals.

Featured Contributions

  • What role do thermal interface materials (TIMs) play in EV battery systems?
  • How evolving demands are driving innovations in EV battery safety and materials
  • How large EV battery packs can be safely recycled without disassembly
  • Changing from traditional powertrains to electrified machines requires optimizing the hydraulic system components to reduce energy consumption and extend vehicle range. What factors impact electric vehicle system design?
  • How to safely detect minute physical Li-ion battery flaws
More Featured Contributions

EE TECH TOOLBOX

“ee
Tech Toolbox: Internet of Things
Explore practical strategies for minimizing attack surfaces, managing memory efficiently, and securing firmware. Download now to ensure your IoT implementations remain secure, efficient, and future-ready.

Learning Center

EE Learning Center
Search Millions of Parts from Thousands of Suppliers.

Search Now!
design fast globle

Sponsored Content

  • Converting custom materials for EV applications
  • Advantech Powers Versatile Electric Vehicle Charging Systems

EV Training Days

ev
EV Engineering & Infrastructure
  • 5G Technology
  • Analog IC Tips
  • Battery Power Tips
  • Connector Tips
  • Design Fast
  • EDABoard Forums
  • Electro-Tech-Online Forums
  • Engineer’s Garage
  • Microcontroller Tips
  • Power Electronic Tips
  • Sensor Tips
  • Test and Measurement Tips
  • Contact Us

Copyright © 2025 WTWH Media LLC. All Rights Reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media
Privacy Policy | Advertising | About Us

Search EV Engineering & Infrastructure

  • News
  • Articles
  • Batteries
  • Charging
    • Wireless Charging
    • Vehicle-to-Grid (V2G)
  • Electrification
  • Testing and Safety
  • R&D
  • Learn
    • Learning Center
    • Tech Toolboxes
    • Webinars
  • Resources
    • Digital Editions
    • Diversity & Inclusion
  • Advertise
  • Subscribe
We use cookies to personalize content and ads, to provide social media features and to analyze our traffic. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you’ve provided to them or that they’ve collected from your use of their services. You consent to our cookies if you continue to use this website.OkNoRead more