Highlights of the transaction include:

• Combines ElevATE’s ATE IC technology leadership with Diodes’ broad product portfolio, manufacturing scale and global sales reach to increase penetration of the ATE market;
• Expected to be immediately accretive to Diodes’ revenue, gross margin, and earnings per share;
• Anticipated to add approximately $50 million of revenue in the first twelve months post-close, with revenue expected to grow at a CAGR of greater than 20% over the next four years with gross margin significantly higher than Diodes’ corporate average; and
• Expands Diodes’ analog and mixed signal product offerings as well as provides significant opportunity for Diodes’ portfolio in applications within the ATE market.

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