SAN JOSE, Calif. - Elmos Semiconductor AG is selling the specialty packaging business of its subsidiary, Elmos Advanced Packaging B.V., to an investment company owned by Dutch financial investor Nimbus Hands-On Investors.
"By this sale, Elmos strengthens its core business, namely developing, manufacturing and selling system solutions based on semiconductors and sensors," said Anton Mindl, CEO of Elmos Semiconductor, in a statement.
"This step is beneficial to all parties concerned. Nimbus is focussed on investments in companies with potential for further development. Nimbus will continue to expand the functional packaging business and tap new customer potential. By positioning the company as an independent supplier and partner for packaging solutions, we are convinced the packaging activities will grow in the years to come," said Gert Jan Hubers, partner of Nimbus.