- Akoustis Technologies ( NASDAQ: AKTS ) has acquired U.S. provider of back-end semiconductor supply chain services Grinding and Dicing Services (GDSI) for a total consideration of $20M.
- Akoustis ( AKTS ) is paying $14M in cash and $2M in stock for GDSI, with an additional $4M in the form of a secured promissory note payable over 3 years based on key employee retention and agreed upon performance.
- The acquisition is immediately accretive and adds high-margin premium services business supporting over 250 customers. The gross margins of this new business unit are projected to be ~60%.
- The deal will also support Akoustis' ( AKTS ) strategy to reshore its packaging of XBAW filters to the U.S. and back its anticipated application for funding under the CHIPS and Science Act.
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Akoustis Technologies acquires Grinding and Dicing Services for $20M