MALVERN, Pa. -- Vishay Intertechnology Inc. late today announced that it will acquire the infrared components business of Germany's Infineon Technologies AG for $120 million.
Under the terms, Vishay will take over Infineon's development, marketing and distribution activities in the infrared space. Infineon's infrared components business is headquartered in San Jose.
The Malvern-based passive components and chip company will also assume control of Infineon's production facility in Krubong, Malaysia.
The products included in the acquisition are optocouplers, solid-state relays, infrared data transmission modules, data access arrangements (DAA) kits, and custom optoelectronic modules.
In fiscal year 2000, Infineon's infrared components business posted revenues of approximately $133 million.
"This acquisition will enable Vishay to significantly strengthen its current position in optoelectronics, and specifically in the growing infrared components portion of that market," said Felix Zandman, chairman and CEO of Vishay.
The sale is expected to be completed by July of 2001.