Vishay Intertechnology Announces Signing of Definitive Purchase Agreement with MCB Industrie S.A., a Specialty Resistor Company
MALVERN, Pa.--(BUSINESS WIRE)-- Vishay Intertechnology, Inc. (NYS: VSH) , one of the world's largest manufacturers of discrete semiconductors and passive electronic components, today announced the signing of a definitive purchase agreement to acquire MCB Industrie S.A., a manufacturer of specialty resistors for professional market segments.
MCB Industrie S.A. resistors are used as motion sensors in avionics, military, and space applications and as power resistors in traction, energy distribution, and various other industrial applications. Sales of MCB Industrie S.A. were approximately EUR 23 million for the year endedMarch 31, 2012.
"MCB Industrie S.A. will be a good fit for Vishay Intertechnology," said Marc Zandman, Vishay Intertechnology's Executive Chairman and Chief Business Development Officer. "The planned acquisition of MCB Industrie S.A. will bring with it products and technologies that will substantially expand and strengthen our resistors portfolio, both in motion sensors for avionics, military, and space applications and in power resistors for energy distribution, traction, and industrial market sectors."
"In Vishay Intertechnology's announced Growth Plan," said Dr. Gerald Paul, President and Chief Executive Officer, "we stated that niche acquisitions will supplement intensified internal growth. Our planned acquisition of MCB Industrie S.A. is consistent with this strategy and will significantly enhance the existing resistors business of our Vishay Sfernice division."
Vishay Intertechnology anticipates that the acquisition of MCB Industrie S.A. will close in the second quarter of 2013.
Vishay Intertechnology, Inc., a Fortune 1000 Company listed on the NYSE (VSH), is one of the world's largest manufacturers of discrete semiconductors (diodes, MOSFETs, and infrared optoelectronics) and passive electronic components (resistors, inductors, and capacitors). These components are used in virtually all types of electronic devices and equipment, in the industrial, computing, automotive, consumer, telecommunications, military, aerospace, power supplies, and medical markets. Vishay's product innovations, successful acquisition strategy, and "one-stop shop" service have made it a global industry leader. Vishay can be found on the Internet at http://www.vishay.com.
Vishay Intertechnology, Inc.
Peter G. Henrici
Senior Vice President, Corporate Communications
KEYWORDS: United States North America Pennsylvania
The article Vishay Intertechnology Announces Signing of Definitive Purchase Agreement with MCB Industrie S.A., a Specialty Resistor Company originally appeared on Fool.com.
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