Vishay Intertechnology to Acquire Birkelbach for $18.5m
Deal News | Nov 06, 2024 | Globenewswire
Vishay Intertechnology, a prominent global manufacturer of semiconductors and electronic components, announced its strategic move to acquire Birkelbach Kondensatortechnik GmbH, renowned for its production of metalized technical films for capacitor dielectrics. The acquisition, valued at $18.5 million, aims to bolster Vishay's Capacitor segment by vertically integrating Birkelbach into its operations. This strategic decision ensures the company meets the growing demand for high voltage, high-power film capacitors, crucial for smart grid infrastructure projects. The transaction is anticipated to close by year-end 2024, subject to standard closing conditions. The move aligns with Vishay's historical approach to vertical integration, which helps secure vital supply chains and capitalize on market opportunities. Vishay's leadership highlights the significance of this acquisition for enhancing customer service and product reliability in the industrial grid segment. Forward-looking statements indicate the potential risks and uncertainties that could affect the anticipated benefits of this acquisition.
Sectors
- Semiconductors and Electronic Components
- Energy Infrastructure
- Mergers and Acquisitions
Geography
- United States – Vishay Intertechnology is based in Malvern, Pennsylvania, and is a significant U.S. player in the global technology market.
- Germany – Birkelbach Kondensatortechnik GmbH, the target company, is based in Erndtebrueck, Germany.
Industry
- Semiconductors and Electronic Components – Vishay Intertechnology is a key player in the semiconductor and electronic components industry, a sector central to technological innovation and electronic manufacturing.
- Energy Infrastructure – The acquisition emphasizes components for smart grid infrastructure, indicating relevance to energy infrastructure development.
- Mergers and Acquisitions – The article details a significant acquisition, involving strategic corporate transitions and vertical integration.
Financials
- 18.5 million – The acquisition cost of Birkelbach Kondensatortechnik GmbH by Vishay Intertechnology.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Vishay Intertechnology, Inc. | Acquiring Company | Company | A leading manufacturer of semiconductors and electronic components, based in the United States, undertaking a strategic acquisition of Birkelbach. |
| Birkelbach Kondensatortechnik GmbH | Target Company | Company | A German manufacturer specializing in metalized technical films for capacitor dielectrics. |
| Joel Smejkal | President and CEO, Vishay Intertechnology | Person | Joel Smejkal provided insights into the strategic reasoning behind the acquisition and its alignment with Vishay's growth goals. |
| Marc Zandman | Executive Chairman, Vishay Intertechnology | Person | Marc Zandman emphasized the strategic benefits of the acquisition in terms of supply chain security and business opportunities. |