Integrated Microelectronics (IMI) has sold its 50.32% stake in VIA Optronics to Kronen 3140 (to be known in the future as V-PTR Beteiligungs GmbH). Kronen is owned by some members of VIA’s management and advisory team. Per the sale, the parties have agreed to a consideration structure with both fixed and post-closing variable earn-out components. The divestment, IMI said, is part of a portfolio realignment strategy that aims to sharpen the company’s focus on its core strengths in the automotive and electronics manufacturing services sectors. VIA Optronics, IMI said, will benefit from the increased focus of a management-led ownership structure and greater flexibility to seek strategic partners that better align with the company’s long-term growth and profitability goals.