Navitas Semiconductor has signed a definitive agreement to acquire Claros, a power management solutions company developing vertical power delivery (VPD) and integrated voltage regulator (IVR) technology for next-generation AI data centers. The transaction is valued at up to approximately $232.8 million, based on Navitas’ August 21, 2026 closing share price of $12.97, with approximately $216.0 million payable at closing in cash and Class A common stock and the remainder payable in stock when specified business milestones are achieved during the two years after closing. The acquisition is expected to add at least $3.5 billion from VPD and IVR markets and more than double Navitas’ identified 2030 serviceable addressable market to over $8 billion. Navitas said Claros’ close-to-chip power technologies would complement its GaN and high-voltage and ultra-high-voltage SiC products, extending power conversion across the full grid-to-xPU chain. The boards of both companies unanimously approved the transaction, which is expected to close before year-end subject to customary conditions, including regulatory approvals. Navitas said its short- to mid-term financial model and path to profitability remain unchanged, while Claros would provide an additional growth accelerator from 2028/2029 onward.