Mergers & Acquisitions ·
Navitas Semiconductor Corporation entered into a definitive Agreement and Plan of Merger to acquire Claros, Inc., a…
NVTSNavitas Semiconductor Corp
Navitas Semiconductor Corporation entered into a definitive Agreement and Plan of Merger to acquire Claros, Inc., a power management solutions company specializing in vertical power delivery (VPD) and integrated voltage regulator (IVR) technology for AI data centers. The transaction is valued at approximately $232.8 million, comprising roughly $126.4 million in cash and 6.9 million shares of Navitas Class A common stock payable at closing, with an additional earnout of up to 1.28 million shares based on business milestones over two years. Performance stock units valued at approximately $28.9 million will also be issued to continuing Claros employees. The acquisition aims to complete Navitas' grid-to-xPU power portfolio and double its 2030 serviceable addressable market to over $8 billion. Closing is anticipated before December 31, 2026, subject to regulatory approvals including Hart-Scott-Rodino clearance. Navitas Semiconductor Corporation operates in the semiconductor industry, designing gallium nitride (GaN) and silicon carbide (SiC) power semiconductors for AI infrastructure and industrial applications.