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Buys KTH spin-off for SEK 100 million
TranSiC, founded in 2005 by KTH Professor Mikael Östling, together with Martin Domeij, at the time researcher at KTH, and the entrepreneur Bo Hammarlund, has been bought by the global semiconductor giant Fairchild Semiconductor. The price tag for the Swedish company is a little more than SEK 100 million.
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Money is raining down on KTH company
The KTH spin-off Scint-X, which among other things manufactures a critical component for digital x-ray detectors, is receiving SEK 10 million in growth capital from Conor Venture Partners and STING Capital.