Vishay Intertechnology plans to acquire Capella Microsystems

Business news |
By eeNews Europe

Capella Microsystems, Inc. is a fabless IC design company specializing in optical electronic related products.  The company’s principal product categories include ambient light sensors, color sensors, short distance and long distance proximity sensors, gesture sensors, UV sensors, IrDA, optical encoder and PDIC.

Applications for Capella’s products include telecommunications, smartphones, handheld devices, digital cameras, laptops, desktop computers, LED backlighting, office automation equipment, household electrical appliance and automotive electronics.

Subsequent to the announcement, Vishay Sub will launch a tender offer to purchase the outstanding shares of Capella on the Taiwan open market for NTD$139 per share.

Upon the completion of the tender offer, Vishay Sub will start the merger process to integrate Capella with Vishay.

Vishay is one of the world’s largest manufacturers of discrete semiconductors (diodes, MOSFETs, and infrared optoelectronics) and passive electronic components (resistors, inductors, and capacitors). Vishay’s leading visible and infrared components and solutions are highly complementary to Capella’s advanced optoelectronics products.

After the closing of the merger, Capella will be merged into Vishay Sub with Vishay Sub as the surviving company. The merger of Vishay Sub and Capella is expected to be completed by the end of January 2015.

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