Atmel Corporation wanted to transition to a fab-lite strategy. There were significant challenges around the regulatory environment for transactions, difficult labor and business environments, facility specific issues, and continued production requirements in two of the four facilities that the client wanted to dispose of.
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 they 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.