Vishay Intertechnology plans to buy SI Technologies

Malvern, PA—Vishay Intertechnology Inc. reports that it's planning to purchase SI Technologies Inc. for approximately $17.65 million in cash.


Malvern, PA— Vishay Intertechnology Inc. reports that it's planning to purchase SI Technologies Inc. for approximately $17.65 million in cash. For the fiscal year ending July 31, 2003, SI reported sales of more than $33 million.

'As we've consolidated our past acquisitions of manufacturers in the load cell business, we intend to add SI with the established brand name `Revere' to our portfolio,' says Dr. Felix Zandman, Vishay's chairman and CEO. 'While broadening our product offering we anticipate substantial synergies.'

The transaction is subject to satisfactory completion of due diligence by Vishay; execution of a definitive purchase agreement approved by SI and Vishay's boards of directors; approval by SI's shareholders; and other customary conditions.


Control Engineering Daily News Desk
Jim Montague, news editor

No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
Robot advances in connectivity, collaboration, and programming; Advanced process control; Industrial wireless developments; Multiplatform system integration
Sensor-to-cloud interoperability; PID and digital control efficiency; Alarm management system design; Automotive industry advances
Make Big Data and Industrial Internet of Things work for you, 2017 Engineers' Choice Finalists, Avoid control design pitfalls, Managing IIoT processes
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

Big Data and bigger solutions; Tablet technologies; SCADA developments
SCADA at the junction, Managing risk through maintenance, Moving at the speed of data
Flexible offshore fire protection; Big Data's impact on operations; Bridging the skills gap; Identifying security risks
click me