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© fotosonar dreamstime.com Electronics Production | January 05, 2015

Vishay takes on Capella Microsystems

Vishay Intertechnology acquired all of the remaining outstanding shares of Taiwan based Capella Microsystems for approximately NTD 668.2 million (USD 21.0 million).
Vishay initially acquired 88.95% of Capella’s outstanding shares in a tender offer, which was completed in September 2014. The aggregate purchase price for Capella was approximately NT$6.05 billion (approximately US$201.2 million). Vishay funded the acquisition mostly with cash on-hand, and borrowed $53 million on its revolving credit facility to achieve future flexibility given the legal entity and financial structure utilized for the acquisition. As of the date Vishay acquired its controlling interest, Capella had approximately $50 million of cash, cash equivalents, and short-term investments, and no long-term debt.

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April 17 2018 7:38 pm V9.3.2-2