Atmel Corporation wanted to transition to a fab-lite strategy, but difficult labor, regulatory, and business environments surrounding the company’s Europe-based manufacturing operations presented major obstacles.
Between 2006 and 2010, ATREG helped Atmel transition from a fab-heavy to a fab-lite business model by concluding the sale of four different fabs - a 200mm fab shell in Irving, USA (April 2007), an operational 200mm fab in Rousset, France (June 2010), an operational 150mm fab in Heilbronn, Germany (January 2009), and a 200mm facility and tool line in North Tyneside, UK (November 2007).
• ATREG first formed a business relationship with Atmel when the firm represented Maxim in the acquisition of Atmel’s Irving 200mm fab shell.
• Atmel subsequently retained ATREG in the disposition of three additional fab assets in Europe (Rousset, Heilbronn, North Tyneside).
• ATREG leveraged its knowledge of market demand and maximized asset value by attracting multiple buyers and creating competitive bid environment.
• ATREG actively worked with economic development and government agencies, including the procurement of a government relations expert to facilitate smooth transition between Atmel, labor union, and government in France.