Vishay Intertechnology Inc. today said it has agreed to acquire BCcomponents Holdings B.V., the Eindhoven, Netherlands, passive component supplier that has struggled to establish its own market presence after being spun off from Philips Electronics in 1998.
The transaction, expected to be completed before the end of the year, calls for Vishay to acquire the outstanding shares of BCcomponents and assume the company's outstanding debt. The companies did not reveal the amount of the transaction or debt level, and were not immediately available for comment.
By acquiring BCcomponents, Vishay would gain a global supplier of passive components, including linear and non-linear resistors, ceramic, film, and aluminum electrolytic capacitors, and switches and trimming potentiometers. The company, with plants in Europe, India, and China, had sales of $320 million in 2001.
For Vishay, Malvern, Pa., BCcomponents would represent the most significant acquisition the company has made in more than a year, following the purchase of Melville, NY., semiconductor supplier General Semiconductor Inc. in November 2001.
BCcomponents would also represent the first major passives supplier Vishay has purchased in a decade, according to Felix Zandman, chairman and chief executive. In recent years, Vishay has focused its acquisitions toward bolstering its semiconductor line in a quest to become a one-stop component supplier.