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EVgo Acquires Recargo For $25M

socalTECH

Los Angeles-based electric vehicle (EV) charging network operator EVgo said this morning that it has acquired Recargo, a developer of e-mobility software. Recargo was founded in 2009, and operates PlugShare, an online community for EV drivers, and also developed PlugShare, a mobile payment platform for EV cahrging networks.

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Navitas Semiconductor Hits Nasdaq

socalTECH

El Segundo-based semiconductor developer Navitas Semiconductor has debuted on the Nasdaq Global Market, after its acquisition by a Special Purpose Acquisition Company (SPAC), the company said on Wednesday afternoon. II, which had raised $253M in December of 2020 to acquire and take a company to the public markets.

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Serverfarm Buys LA Data Center Facility

socalTECH

Serverfarm, a developer and operator of data center space, says it has purchased a new facility in El Segundo, which will provide 117,500 square feet and 22MVA to hyperscale, transportation, healthcare and government tenants. Financial details of the acquisition were not announced.

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TS2 Holdings Acquires Three Companies, Including Neohire South, Hero.jobs

socalTECH

Los Angeles-based TS2 Holdings , a strategic business development firm focused on the technology industry, said on Friday morning that it has acquired three companies, including Neohire South , RockIT Recruiting , and Hero.jobs. Financial details of the acquisitions were not announced. TS2 Holdings is led by CEO Yoshii Iyadomi.

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International Rectifier Acquisition By Infineon Complete

socalTECH

El Segundo-based International Rectifier > , the developer of power semiconductors, is now officially part of Infineon , Infineon said this morning. international rectifier infineon merger acquisition takeover power semiconductor' Infineon paid approximately $3 billion ofr International Rectiffier. READ MORE>>.

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NEOGOV Merges With PowerDMS

socalTECH

El Segundo-based NEOGOV , which develops human resources software for the public sector, says it has agreed to merge with PowerDMS , a developer of cloud-based compliance software. PowerDMS develops compliance software used to track compliance with politics, training, and industry standards. READ MORE>>.

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International Rectifier Completes CHiL Semiconductor Acquisition

socalTECH

El Segundo-based International Rectifier said Monday afternoon that it has completed its acquisition of CHiL Semiconductor Corporation. The deal had been announced February 25th, and was worth $75M in cash.