Navitas Semiconductor agreed to acquire Claros for up to $232.8 million, combining the latter’s vertical power delivery and integrated voltage regulator technologies with Navitas’s high-voltage gallium nitride and silicon carbide portfolios to serve AI data center infrastructure.
The transaction values the deal at approximately $232.8 million, based on Navitas’s closing stock price of $12.97 on August 21, 2026. An upfront payment of about $216 million will be made at closing, funded through a mix of cash and Navitas Class A common stock. An additional $28.9 million in stock will be paid to certain Claros employees as performance-based compensation, contingent on meeting specific business milestones over the two years following the closing.
Navitas expects the acquisition to expand its addressable market to more than $8 billion by 2030, up from the current $3.5 billion. The deal adds at least $3.5 billion in new market exposure from vertical power delivery and integrated voltage regulator segments, which are critical for AI data center power efficiency.
Claros, founded in 2024, specializes in power delivery solutions for AI infrastructure. The company’s investors include Red Cell Partners, General Catalyst, Systemiq Capital, and VIPC. Both Navitas and Claros said the combination would break energy barriers in AI power infrastructure.
The boards of both companies have unanimously approved the transaction, with closing expected before year-end subject to customary conditions and regulatory approvals. Navitas retained Connected Vision Advisors and Needham & Company as financial advisors, while Cozen O’Connor provided legal counsel. DLA Piper advised Claros.
