v3.25.4
Business Combinations (Tables)
12 Months Ended
Dec. 31, 2025
Summary of Estimated Total Purchase Consideration

Pursuant to the Share Purchase Agreement, the Company acquired all outstanding equity of Keonn for estimated total purchase consideration of $75.1 million, which consists of:

Cash consideration

$

68,336

 

Deferred consideration

 

2,192

 

Estimated fair value of contingent consideration

 

4,537

 

Estimated total purchase consideration

$

75,065

 

Keonn Technologies, S.L  
Summary of Fair Values of Assets Acquired and Liabilities Assumed Purchase Price Allocation

The purchase price for Keonn was allocated as follows (in thousands):

 

Purchase Price

 

Allocation

 

Cash

$

4,045

 

Accounts receivable

 

1,977

 

Inventory

 

5,377

 

Property, plant and equipment

 

1,401

 

Operating lease assets

 

3,124

 

Intangible assets

 

33,203

 

Goodwill

 

43,192

 

Other assets

 

1,412

 

Total assets acquired

 

93,731

 

Accounts payable

 

1,593

 

Operating lease liabilities

 

3,124

 

Debt

 

2,504

 

Deferred tax liabilities

 

7,369

 

Other liabilities

 

4,076

 

Total liabilities assumed

 

18,666

 

Total assets acquired, net of liabilities assumed

 

75,065

 

Less: cash acquired

 

4,045

 

Total purchase price, net of cash acquired

$

71,020

 

Fair Value of Intangible Assets

The fair value of intangible assets for Keonn is comprised of the following:

 

Estimated Fair

 

 

Amortization

 

Value
(In thousands)

 

 

Period

Developed technologies

$

9,753

 

 

9 years

Customer relationships

 

22,354

 

 

9 years

Trade name

 

1,096

 

 

14 years

Total

$

33,203

 

 

 

Motion Solutions Parent Corp.  
Summary of Fair Values of Assets Acquired and Liabilities Assumed Purchase Price Allocation

The total purchase price for Motion Solutions was allocated as follows (in thousands):

 

Purchase Price

 

 

Allocation

 

Cash

$

776

 

Accounts receivable

 

8,515

 

Inventory

 

13,940

 

Property, plant and equipment

 

3,126

 

Operating lease assets

 

8,076

 

Intangible assets

 

83,000

 

Goodwill

 

106,761

 

Other assets

 

1,002

 

Total assets acquired

 

225,196

 

Accounts payable

 

5,305

 

Operating lease liabilities

 

8,514

 

Deferred tax liabilities

 

18,171

 

Other liabilities

 

1,230

 

Total liabilities assumed

 

33,220

 

Total assets acquired, net of liabilities assumed

 

191,976

 

Less: cash acquired

 

776

 

Purchase price, net of cash acquired

$

191,200

 

Fair Value of Intangible Assets

The fair value of intangible assets for Motion Solutions is comprised of the following:

 

Estimated Fair

 

 

Amortization

 

Value
(In thousands)

 

 

Period

Developed technologies

$

34,400

 

 

7 years

Customer relationships

 

43,100

 

 

13 years

Backlog

 

5,500

 

 

1 year

Total

$

83,000