Greenbridge Sàrl agrees to acquire over 50% of EpinovaTech AB, a Swedish technology company specializing in innovative Gallium Nitride solutions, aiming to enhance investment in the semiconductor industry.

Information on the Target

Greenbridge Sàrl (Greenbridge) has entered into an agreement to acquire over 50% of the share capital of EpinovaTech AB (EpinovaTech) through a direct investment and purchase of shares from current shareholders. This transaction is subject to regulatory approvals and is anticipated to close in Q2 2024.

EpinovaTech, established in 2019 and based in Lund, Sweden, specializes in the production of epiwafers. The company has developed a patented technology known as NovaGaN®, which facilitates the widespread integration of Gallium Nitride (GaN) in industries such as automotive, 5G, and renewable energy, where high efficiency and power-handling capabilities are crucial. NovaGaN® technology produces faster, smaller electronic devices with decreased energy consumption while ensuring compatibility with existing chip factories, thus enhancing economies of scale, industrial scalability, and accelerating time-to-market.

Industry Overview in Sweden

The semiconductor industry in Sweden has been experiencing significant growth, driven by emerging technologies and the increasing demand for efficient power management solutions. With the push for m