Vishay Intertechnology to Acquire Birkelbach, Manufacturer of Metalized Technical Films
Vishay Intertechnology (NYSE: VSH) has announced the acquisition of Birkelbach Kondensatortechnik GmbH, a German manufacturer of metalized technical films for capacitor dielectrics, for approximately €17 million ($18.5 million). The all-cash transaction is expected to close before December 31, 2024.
The acquisition aims to secure metalized film material supply to meet growing demand for high voltage high power film capacitors used in smart grid infrastructure projects. Vishay plans to vertically integrate Birkelbach into its Capacitor segment and invest in metalizing equipment to ensure uninterrupted supply to industrial grid customers.
Vishay Intertechnology (NYSE: VSH) ha annunciato l'acquisizione di Birkelbach Kondensatortechnik GmbH, un produttore tedesco di film tecnici metalizzati per dielettrici dei condensatori, per un importo di circa €17 milioni (18,5 milioni di dollari). La transazione, interamente in contante, dovrebbe concludersi prima del 31 dicembre 2024.
L'acquisizione mira a garantire l'approvvigionamento di materiale in film metalizzato per soddisfare la crescente domanda di condensatori a film ad alta tensione e alta potenza utilizzati nei progetti di infrastruttura della smart grid. Vishay prevede di integrare verticalmente Birkelbach nel suo segmento di Condensatori e di investire in attrezzature di metalizzazione per garantire un approvvigionamento ininterrotto ai clienti del settore industriale della rete.
Vishay Intertechnology (NYSE: VSH) ha anunciado la adquisición de Birkelbach Kondensatortechnik GmbH, un fabricante alemán de películas técnicas metalizadas para dieléctricos de condensadores, por un monto aproximado de €17 millones (18,5 millones de dólares). La transacción, totalmente en efectivo, se espera que se cierre antes del 31 de diciembre de 2024.
La adquisición tiene como objetivo asegurar el suministro de material de película metalizada para satisfacer la creciente demanda de condensadores de película de alta tensión y alta potencia utilizados en proyectos de infraestructura de redes inteligentes. Vishay planea integrar verticalmente a Birkelbach en su segmento de Condensadores e invertir en equipos de metalización para garantizar un suministro ininterrumpido a los clientes de la red industrial.
비샤이 인터테크놀로지(NYSE: VSH)는 독일의 콘덴서 다이렉트용 금속화 기술 필름 제조업체인 Birkelbach Kondensatortechnik GmbH를 약 €1700만 ($1850만)에 인수한다고 발표했습니다. 이 현금 거래는 2024년 12월 31일 이전에 완료될 것으로 예상됩니다.
이번 인수는 스마트 그리드 인프라 프로젝트에 사용되는 고전압 고출력 필름 콘덴서에 대한 증가하는 수요를 충족하기 위해 금속화 필름 재료의 공급을 확보하는 것을 목표로 합니다. 비샤이는 Birkelbach을 자사의 콘덴서 부문에 수직 통합하고 산업용 그리드 고객에게 중단 없는 공급을 보장하기 위해 금속화 장비에 투자할 계획입니다.
Vishay Intertechnology (NYSE: VSH) a annoncé l'acquisition de Birkelbach Kondensatortechnik GmbH, un fabricant allemand de films techniques métallisés pour les diélectriques de condensateurs, pour un montant d'environ 17 millions d'euros (18,5 millions de dollars). La transaction, entièrement en espèces, devrait être finalisée avant le 31 décembre 2024.
Cette acquisition vise à garantir l'approvisionnement en matériel de film métallisé pour répondre à la demande croissante de condensateurs à film haute tension et haute puissance utilisés dans les projets d'infrastructure de réseau intelligent. Vishay prévoit d'intégrer Birkelbach verticalement dans son segment de Condensateurs et d'investir dans des équipements de métallisation pour assurer un approvisionnement continu à ses clients industriels du réseau.
Vishay Intertechnology (NYSE: VSH) hat die Übernahme von Birkelbach Kondensatortechnik GmbH, einem deutschen Hersteller von metallisierten technischen Folien für Kondensator-Dielektrika, für etwa 17 Millionen € (18,5 Millionen $) angekündigt. Die Bartransaktion soll vor dem 31. Dezember 2024 abgeschlossen werden.
Ziel der Übernahme ist es, die Versorgung mit metallisiertem Folienmaterial zu sichern, um der wachsenden Nachfrage nach Hochspannungs- und Hochleistungsfolienkondensatoren, die in Projekten der intelligenten Netzinfrastruktur verwendet werden, gerecht zu werden. Vishay plant, Birkelbach vertikal in sein Kondensator-Segment zu integrieren und in Metallisierungsanlagen zu investieren, um eine ununterbrochene Versorgung für industrielle Netz-Kunden zu gewährleisten.
- Strategic vertical integration securing critical material supply
- Supports growth in high-demand smart grid infrastructure market
- Relatively small acquisition cost of €17 million
- Integration of existing supplier reduces operational risks
- Cash outlay of €17 million impacts liquidity
Insights
The
The deal's timing aligns with growing demand for grid infrastructure components, particularly in renewable energy integration and power distribution modernization. By bringing a key supplier in-house, Vishay gains better control over quality, costs and production scheduling. The relatively modest acquisition price compared to Vishay's
The acquisition positions Vishay to capitalize on the expanding smart grid infrastructure market, where high-voltage film capacitors play a important role in power conversion and distribution. The metalized technical films produced by Birkelbach are essential components in these specialized capacitors, which are experiencing increased demand due to grid modernization initiatives worldwide.
By vertically integrating Birkelbach's manufacturing capabilities and planning equipment investments, Vishay strengthens its competitive position in the industrial power sector. This move particularly enhances their ability to serve utility companies and industrial customers requiring reliable, high-performance components for grid infrastructure projects.
MALVERN, Pa., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Vishay Intertechnology, Inc., (NYSE: VSH), one of the world's largest manufacturers of discrete semiconductors and passive electronic components, announced that it has entered into definitive agreements to acquire Birkelbach Kondensatortechnik GmbH and certain related assets (“Birkelbach”) for approximately
“This acquisition secures our metalized film material supply in order to meet the accelerating demand for high voltage high power film capacitors used for smart grid infrastructure projects. Birkelbach has been a key supplier to Vishay for many years and will provide us with the capacity to deliver excellent service and product reliability to our industrial grid customers. We intend to vertically integrate Birkelbach into our Capacitor segment, invest in the company’s metalizing equipment and ensure uninterrupted supply to their customers,” said Joel Smejkal, President and CEO.
“Vishay has a history of making vertical integration acquisitions. In this case acquiring Birkelbach ensures supply of critical material that is needed to capture an attractive growth opportunity for the company,” said Marc Zandman, Executive Chairman.
About Vishay
Vishay manufactures one of the world’s largest portfolios of discrete semiconductors and passive electronic components that are essential to innovative designs in the automotive, industrial, computing, consumer, telecommunications, military, aerospace, and medical markets. Serving customers worldwide, Vishay is The DNA of tech®. Vishay Intertechnology, Inc. is a Fortune 1,000 Company listed on the NYSE (VSH). More on Vishay at www.Vishay.com.
Statements contained herein that relate to the Company's planned acquisition of Birkelbach, including statements with respect to future performance, anticipated areas of growth, and product development, are forward-looking statements within the safe harbor provisions of Private Securities Litigation Reform Act of 1995. Words such as "believe," "estimate," "will be," "will," "would," "expect," "anticipate," "plan," "project," "intend," "could," "should," or other similar words or expressions often identify forward-looking statements. Such statements are based on current expectations only, and are subject to certain risks, uncertainties and assumptions, many of which are beyond our control. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results, performance, or achievements may vary materially from those anticipated, estimated or projected. Among the factors that could cause actual results to materially differ include: general business and economic conditions; manufacturing or supply chain interruptions or changes in customer demand; delays or difficulties in implementing our cost reduction strategies; delays or difficulties in expanding our manufacturing capacities; an inability to attract and retain highly qualified personnel; changes in foreign currency exchange rates; uncertainty related to the effects of changes in foreign currency exchange rates; competition and technological changes in our industries; difficulties in new product development; difficulties in identifying suitable acquisition candidates, consummating a transaction on terms which we consider acceptable, and integration and performance of acquired businesses; changes in U.S. and foreign trade regulations and tariffs, and uncertainty regarding the same; changes in applicable domestic and foreign tax regulations, and uncertainty regarding the same; changes in applicable accounting standards and other factors affecting our operations that are set forth in our filings with the Securities and Exchange Commission, including our annual reports on Form 10-K and our quarterly reports on Form 10-Q. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact:
Vishay Intertechnology, Inc.
Peter Henrici
Executive Vice President, Corporate Development
+1-610-644-1300
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