Vishay Intertechnology to acquire Capella Microsystems

MALVERN,USA: Vishay Intertechnology Inc., one of the world's largest manufacturers of discrete semiconductors and passive electronic components, today entered into an agreement to acquire Taiwan based Capella Microsystems Inc. for approximately NT$6,051 million or US$205 million. Capella is a fabless IC design company specializing in optoelectronic products.

Capella's board approved the acquisition agreement, and senior management and a majority of the members of the board of Capella other than independent directors have entered into agreements to tender their shares in the tender offer.

"We are excited to announce this deal with Capella, a leading IC design company for optical sensors," said Marc Zandman, Vishay's executive chairman and chief business development officer. "Capella's strong market position for optical sensors complements Vishay's current capabilities in this field very well. The acquisition fits perfectly our strategy of supplementing our organic Growth Plan through targeted specialty acquisitions."

"Capella will add crucial technological capabilities to our successful and growing opto business that we do not have in-house," stated Dr. Gerald Paul, Vishay's president and CEO. "It will considerably strengthen Vishay's position in the fast growing market for optical sensors and significantly reduce our time to market for these products. We are confident that as part of Vishay Capella will be able to extend its deep customer reach to other market segments."