Penguin Solutions, through its subsidiary, completed the sale of its remaining 19% stake in Zilia Technologies for $46.08 million, fully exiting the Brazilian memory module business.
Key takeaways
SMART Modular Technologies (LX) S.à r.l., a wholly owned indirect subsidiary, sold its remaining 19% interest in Zilia Technologies for $46.08 million.
The transaction closed on March 30, 2026, under a Stock Transfer Agreement dated December 29, 2025.
Zilia Technologies is now a wholly-owned subsidiary of Lexar Europe B.V., and the related Quotaholders Agreement was terminated.
The sale completes Penguin Solutions' divestiture of its stake in the Brazilian memory module assembler, following an initial 81% sale in November 2023.