Vishay Intertechnology Announces Acquisition of Applied Thin-Film Products for $26.5mn

Vishay Intertechnology today announced the acquisition of the worldwide business and substantially all of the U.S. assets of Applied Thin-Film Products, a California-based, privately-held manufacturer of custom, build-to-print thin film substrates for the microwave, fiber optic, and life science industries.  Concurrently, a Chinese subsidiary of Applied Thin-Film Products entered into an agreement to sell certain property and equipment to a subsidiary of Vishay at a later date.  The total acquisition price is approximately $26.5 million, subject to customary post-closing adjustments.

Marc Zandman, Vishay Intertechnology’s Executive Chairman and Chief Business Development Officer Says: I am pleased to welcome Applied Thin-Film Products to the Vishay family, The acquisition of the business brings with it products and technologies that significantly enhance and strengthen our thin film products portfolio, especially for thin film circuits and interconnect products.

Dr. Gerald Paul, Vishay Intertechnology’s President and Chief Executive Officer Says: Vishay Intertechnology’s Growth Plan includes niche acquisitions of companies and businesses that complement our existing product portfolio and strengthen our competitiveness, Our acquisition of Applied Thin-Film Products complements well our existing thin film business. It is another step in our strategy to grow Vishay’s specialty businesses.

Source: Vishay Intertechnology, Inc

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