Vishay Intertechnology, one of the world's largest manufacturers of discrete semiconductors and passive electronic components, announced the acquisition of MCB Industrie S.A., a French 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 ended March 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."