SEALSQ in Talks to Acquire IC'ALPS

MT Newswires Live

27 Feb

SEALSQ (LAES) said Thursday it is negotiating a deal to acquire IC'ALPS following its letter of intent.

The transaction is conditional on appropriate due diligence, execution of definite agreements, and approval by French regulatory authorities, according to SEALSQ.

Completion of the deal will expand SEALSQ's workforce by about 100 of IC'ALPS' staff working in Grenoble and Toulouse, SEALSQ added.

Shares of the company were up 2% in recent trading.

Price: 3.15, Change: +0.06, Percent Change: +1.94

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