Malvern, Pa., - Aug. 31, 2000 -- Vishay Intertechnology, Inc. (NYSE: VSH) announced today the acquisition of the business of Spectrol. Spectrol is a manufacturer of sensing transducer-type potentiometers used primarily in the automotive industry and trimmer potentiometers used in various electronics circuitry. Spectrol has annual sales of $22 million. The acquisition will be immediately accretive.
Dr. Zandman, Chairman and CEO of Vishay stated "With this acquisition, we are gaining new technology with transducer-type potentiometers which will complement our SFERnice divisions transducer product line enabling them to penetrate more quickly into the automotive market. In addition, the trimmer potentiometer will enable the company to gain a larger market share of the markets they serve. We believe that the strength of our worldwide marketing and sales force will result in a very successful integration of these products into the market place.
About Vishay Intertechnology
Vishay, a Fortune 1,000 Company with an annual sales rate of $2.4 billion, is the largest U.S. and European manufacturer of passive electronic components (resistors, capacitors, inductors) and a major producer of discrete semiconductors (diodes, optoelectronics, transistors), IrDCs (infrared communication devices), and power and analog switching integrated circuits. The Company's components can be found in products manufactured in a very broad range of industries worldwide. With headquarters in Malvern, Pennsylvania, Vishay employs over 20,000 people in 64 plants in the U.S., Mexico, Germany, Austria, the United Kingdom, France, Portugal, the Czech Republic, Hungary, Israel, Taiwan, China and the Philippines. Vishay can be found on the Internet at http://www.vishay.com.