Tillo and Amilon Join to Establish Transatlantic Leadership in Rewards, Incentives and Gift Cards

LONDON & MILAN--(BUSINESS WIRE)--Sep 8, 2026--

Tillo, the global rewards, incentives and gift card platform, today announced the acquisition of and a strategic partnership with Amilon, the long-standing market leader in digital incentives, gift cards, and employee benefits in Italy. Founded in 2007, Amilon pioneered Italy’s digital gift card market and has since built a proprietary digital value ecosystem connecting millions of consumers, thousands of businesses and hundreds of leading brands.

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The acquisition by Tillo marks a major milestone in its international growth strategy, creating a stronger combined platform for rewards, incentives and gift cards. Together, Tillo and Amilon form an undisputed transatlantic leader in the category, with expanded scale, supplier reach and market access for customers and partners across Europe, North America and APAC. Collectively, Tillo and Amilon expect to process over £3 billion worth of gift cards in 2026 and grow 30% year-over-year.

The partnership accelerates Tillo's long-term vision to become the trusted technology infrastructure behind rewards, incentives, and gift cards globally – transforming them into the currency of connection. The businesses share a vision for the future of digital value, supporting a seamless, integrated and global ecosystem of rewards, benefits and engagement. With Amilon’s deep expertise in employee benefits and welfare frameworks across European markets, the combined business is uniquely placed to serve both multinational buyers seeking a single strategic partner across the UK, Italy and continental Europe, as well as brands looking to unlock new distribution opportunities across some of the world's most valuable consumer markets.

“This is an incredibly exciting landmark moment for Tillo and for our industry. From our very first conversations with the Amilon team, it was clear we shared the same belief in where rewards, incentives and engagement are heading, and the role they play in creating genuine connections between brands, businesses, and consumers.

Amilon has built an outstanding business over two decades, trusted by leading Italian and international enterprises and known for exceptional standards of service and expertise. Joining forces gives us the opportunity to combine our strengths and build an international digital value platform with the depth and reach to shape the future of this industry. Equally important, we've found a team whose culture and values strongly align with our own, and I'm proud to welcome them as partners into the Tillo Group.” — Alex Preece, CEO & Co-Founder, Tillo

Both businesses have been built on strong foundations – efficiently run with organic and profitable growth and deeply trusted by their customers. Crucially both Amilon co-founders and CEOs, Andrea Verri and Fabio Regazzoni, will reinvest in the combined business and continue to lead Amilon as a Tillo Group company.

"Over the past two decades, Amilon has evolved from a gift card business into a leading digital value platform, helping companies engage, reward and connect with people through an increasingly diverse ecosystem of solutions. This is the next stage in that journey and reflects a shared ambition to help shape the future of digital value, where rewards, incentives, benefits and engagement work seamlessly across markets and channels.

By combining Tillo’s global technology and reach with Amilon’s leadership in Southern Europe and expertise in digital value solutions, incentives and engagement, we are creating a platform with the scale and capabilities to better serve multinational clients, brands and partners. Together, as Tillo Group, we will deliver broader solutions, more advanced technology and new opportunities for growth, while continuing to build on the trusted relationships that have been central to our success.” — Andrea Verri and Fabio Regazzoni, CEOs & Co-Founders, Amilon

Since 2025, Tillo has been a partner with growth investor Tenzing as part of a fully secondary transaction that provided liquidity for early investors while enabling the company’s existing leadership team to continue driving its long-term strategy. Beyond its investment, Tenzing has supported Tillo’s next phase of growth by bringing deep expertise in scaling technology business, expanding internationally and pursuing strategic acquisitions.

"Since backing Tillo, we've been continually impressed by the strength of the leadership team and the pace at which they've scaled the business internationally. The acquisition of Amilon is a natural next step in that growth story, bringing together two founder-led, profitable businesses with a shared culture and a complementary footprint across the UK, Europe and beyond. We're proud to continue supporting Alex and the Tillo team, and delighted that Andrea and Fabio are reinvesting alongside us as we build the leading platform for rewards, incentives and gift cards globally." — Gareth Healy & Maria Tozzi Spadoni, Portfolio Leads, Tenzing

Tillo was advised by Clearwater Financial Services, EMC Corporate Finance and by Simmons & Simmons as legal counsel. Amilon was advised by Intermonte as financial advisor and by Gianni & Origoni as legal counsel.

About Tillo

Tillo makes gift cards, rewards, and incentives simple, efficient and profitable. Tillo is challenging the market with a best-in-class, plug-and-go API that offers businesses seamless connections to 4,000+ global brands that their customers and employees love. Tillo is the first global gift card network purpose-built to make it easy for brands and buyers to unlock engagement and growth through sustained partnerships, helping people's money go further, inspiring lasting loyalty and building meaningful relationships. Tillo operates in 40 markets and 25 currencies, processing billions of dollars' worth of gift cards through its award-winning platform. Tillo is headquartered in the UK, with offices in the US, Australia and South Africa.

About Amilon

Amilon is Italy's pioneer in digital gift cards and the country's long-standing market leader in digital rewards, incentives and employee benefits. Headquartered in Italy, with offices in Poland and Spain, Amilon operates as an enabler of digital value across three strategic business areas: Digital Reward Solutions, Retail Tech, and Media & Advertising. Through proprietary technology and a portfolio spanning gift card reselling, processing infrastructure and media monetisation, Amilon helps companies, retailers and brands turn digital rewards into meaningful opportunities for incentivisation, engagement and growth.

Alex Preece, CEO & co-founder of Tillo (center), with Andrea Verri (left) and Fabio Regazzoni (right), co-founders of Amilon, now a Tillo company.

Amilon is now a Tillo company following the completion of the acquisition.

SUNNYVALE, Calif.--(BUSINESS WIRE)--Sep 8, 2026--

Alpha and Omega Semiconductor Limited (AOS) (Nasdaq: AOSL), a designer, developer, and global supplier of a broad range of discrete power devices, wide-bandgap power devices, power management ICs and modules, today announced the release of αMOS E2™ 600V Super Junction MOSFETs: AOGT037V60DE2 and AOGT060V60DE2. AOS engineered its newly developed αMOS E2 High-Voltage MOSFET platform to meet the growing demands for enhanced efficiency and increased power density management capabilities. These 600V Super Junction MOSFETs provide excellent performance across a wide range of today’s higher voltage applications, including servers, workstations, telecom rectifiers, solar inverters, motor drives and industrial power systems.

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Users of the latest high-performance SMPS and solar inverters expect higher efficiency, greater power density, lower system cost and uncompromising robustness. The advanced technology features in AOS’ top-side-cooled high-voltage Super Junction MOSFETs address these needs. These devices also meet the critical requirements in multiple topologies such as boost PFC, totem-pole PFC (slow leg), LLC resonant, PSFB and cyclo-converters.

AOS’ αMOS E2 High-Voltage Super Junction MOSFET platform features exceptional body-diode ruggedness (di/dt = 1500 A/µs), superior avalanche (UIS) capability, and short-circuit withstand time (SCWT). This enhanced ruggedness translates into higher system-level reliability, helping to ensure robust operation even under abnormal scenarios. Furthermore, AOS combines this αMOS E2 silicon with its top-side-cooled GTPAK™ package to maximize thermal performance via the top-side cooling pad. As a result, system designers can fully optimize thermal dissipation and reclaim PCB space to maximize overall power density. By co-optimizing both the electrical and thermal paths, system performance and long-term reliability are greatly enhanced.

“Our top-side cooled GTPAK products, such as the AOGT037V60DE2 and AOGT060V60DE2, are engineered to meet the demands of high-performance AC/DC power supplies, DC/DC converters and DC/AC solar inverters. Electromagnetic emission (EMI) and density bottlenecks of traditional bottom-side cooling have been a major engineering hurdle. Our αMOS E2 top-side cooled solutions give designers a premier solution for mid-to-high-power systems, empowering the performance-driven power infrastructure, power supply units, and renewable energy systems,” said Simon Yu, Senior Manager of HV Product Line at AOS.

Technical Highlights

Pricing and Availability

The AOGT037V60DE2 (600 V, 37 mΩ) and AOGT060V60DE2 (600 V, 60 mΩ) in top-side-cooled GTPAK packages are now available in production quantities with a lead time of 16 weeks. The unit prices for 1,000-piece quantities are $6.00 and $3.00, respectively.

About AOS

Alpha and Omega Semiconductor Limited, or AOS, is a designer, developer, and global supplier of a broad range of discrete power devices, wide bandgap power devices, power management ICs, and modules, including a wide portfolio of Power MOSFET, SiC, GaN, IGBT, IPM, TVS, HV Gate Drivers, Power IC, and Digital Power products. AOS has developed extensive intellectual property and technical knowledge that encompasses the latest advancements in the power semiconductor industry, which enables us to introduce innovative products to address the increasingly complex power requirements of advanced electronics. AOS differentiates itself by integrating its Discrete and IC semiconductor process technology, product design, and advanced packaging know-how to develop high-performance power management solutions. AOS’ portfolio of products targets high-volume applications, including personal computers, graphics cards, data centers, AI servers, smartphones, consumer and industrial motor controls, TVs, lighting, automotive electronics, and power supply units for various equipment. For more information, please visit www.aosmd.com.

Forward-Looking Statements

This press release contains forward-looking statements that are based on current expectations, estimates, forecasts, and projections of future performance based on management’s judgment, beliefs, current trends, and anticipated product performance. These forward-looking statements include, without limitation, references to the efficiency and capability of new products and the potential to expand into new markets. Forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from those contained in the forward-looking statements. These factors include but are not limited to, the actual product performance in volume production, the quality and reliability of the product, our ability to achieve design wins, the general business and economic conditions, the state of the semiconductor industry, and other risks as described in the Company’s annual report and other filings with the U.S. Securities and Exchange Commission. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. You should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today’s date unless otherwise stated, and AOS undertakes no duty to update such information except as required under applicable law.

Advanced AOGT037V60DE2 and AOGT060V60DE2 top-side cooled high-voltage MOSFETs deliver the power density and robustness required by high-performance power systems and solar inverters.