20.09.2023 / Deals & Cases

Deal: Wenger Vieli advised sell-side in the sale transaction of EXALOS to indie Semiconductor

Wenger Vieli advised all shareholders of EXALOS, a Swiss company specializing in high-performance optical semiconductors, on all Swiss legal and tax matters regarding the trade sale transaction of EXALOS to NASDAQ stock-listed indie Semiconductor., The transaction is valued at approximately USD 45 million comprised of 6.6 million indie Class A common shares. In addition, if certain revenue-based performance targets are exceeded over a 24-month post-closing period, there is an opportunity for such holders to earn up to $20 million more. The acquisition allows indie Semiconductor to broaden its technological portfolio with EXALOS' patented technologies, marking a substantial step in the company's growth in the Autotech industry.

EXALOS, established in 2003 in Zurich, has been a key player in the photonics industry, holding 59 global patents in optical semiconductor technology. The acquired expertise, notably in Superluminescent LEDs (SLEDs) and Semiconductor Optical Amplifiers (SOAs), is expected to complement indie Semiconductor's existing product range, opening up new opportunities in Autotech applications.

The legal team was led by Pascal Honold (Partner, Corporate/M&A) and Daniel Oehri (Partner, Corporate/M&A) and included Sabine Taxer (Senior Associate, Employment), Kevin Vangehr (Associate, Corporate/M&A), Patrick Kern (Associate, Corporate/M&A) and Joel Schmidt (Asscoiate, Corporate/M&A). The tax team was led by Barbara Brauchli Rohrer (Partner, Tax) and included Jonas Bühlmann (Counsel, Tax).