Elmos Semiconductor SE : Good news, warranting a rating upgrade
>Surprise announcement of the disposal of the Dortmund plant for € 85m - Elmos yesterday announced the sale of its Dortmund facility to a Swedish MEMS foundry, Silex Microsystems, for a total of € 85m, including € 7m of inventories. This divestment comprises a long-term supply agreement to meet Elmos’ needs until at least 2027. Elmos is to transfer its contracts and personnel, including the plant's management team. Elmos is to remain the owner of the building and will...ELMOS Semiconductor is engaged in the development, manufacture and distribution of microelectronic components and system parts (application specific integrated circuits or, in short: ASICs) and technological devices with similar functions.Co. divides its activities into: medical technology, semiconductor, which is engaged in the sale of automotive electronics and supplying semiconductors e.g. for applications in household appliances, photo cameras, installation and building technology, and machine control systems; and micromechanics, which is engaged in the sales of product containing micro-electro-mechanical systems which are for the most part silicon-based high-precision pressure sensors.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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