Vishay Intertechnology Announces Acquisition of MCB Industrie S.A., a Specialty Resistor Company
MALVERN, Pa.--(BUSINESS WIRE)-- Vishay Intertechnology, Inc. (NYSE: VSH ) , one of the world's largest manufacturers of discrete semiconductors and passive electronic components, today announced the acquisition of MCB Industrie S.A., a manufacturer of specialty resistors for professional market segments. The purchase price was approximately EUR 17 million or approximately $23 million.
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 or approximately $29 million for the year endedMarch 31, 2013.
“I am pleased to welcome MCB Industrie S.A. to the Vishay family,” said Marc Zandman, Vishay Intertechnology’s Executive Chairman and Chief Business Development Officer. “The acquisition of the company brings with it products and technologies that significantly enhance 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.”
“Vishay Intertechnology’s Growth Plan includes niche acquisitions of companies and businesses that complement our existing product portfolio and increase market share,” said Dr. Gerald Paul, Vishay Intertechnology’s President and Chief Executive Officer. “Our acquisition of MCB Industrie S.A. is consistent with our Growth Plan and will substantially grow the existing resistors business of our successful Vishay Sfernice division.”
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