Navitas Semiconductor said it agreed to acquire Claros in a transaction valued at up to approximately $232.8 million, with most of the consideration to be paid at closing.
The deal is structured with roughly $216 million in cash and Navitas Class A common stock based on the acquirer’s closing price of $12.97 on August 21, 2026. The remaining amount will be settled in stock upon the achievement of certain business milestones over the two years following closing.
Claros develops vertical power delivery and integrated voltage regulator technology designed to place power conversion directly beneath or inside chip packages, reducing power travel distance from inches to millimeters. Navitas, which manufactures gallium nitride and silicon carbide power semiconductors, said the acquisition would more than double its identified 2030 serviceable addressable market to over $8 billion, adding at least $3.5 billion from vertical power delivery and integrated voltage regulator segments.
The acquisition aligns with Navitas’ Navitas 2.0 transformation strategy, with expected contributions to growth beginning in 2028-2029. Both companies’ boards have approved the definitive agreement, which is slated to close before year-end subject to customary closing conditions and regulatory approvals.
Navitas is based in Torrance, California, and trades on the NASDAQ under the ticker NVTS. Claros was founded in 2024 and has backing from Red Cell Partners, General Catalyst, Systemiq Capital, and VIPC. Financial advisors to Navitas include Connected Vision Advisors and Needham & Company, while legal representation is provided by Cozen O'Connor for Navitas and DLA Piper for Claros.
