Vishay Announces Acquisition of HiRel Systems
Vishay Intertechnology announced the acquisition of HiRel Systems LLC, a supplier of high reliability transformers, inductors, coils, and power conversion products. The purchase price was approximately $85 million, including repayment of HiRel debt, and subject to customary post-closing adjustments.
"We are pleased to welcome HiRel into the Vishay family," said Marc Zandman, Vishay’s Executive Chairman and Chief Business Development Officer. "The HiRel Systems product and technology portfolio will further enhance our inductors portfolio, particularly in the field of custom magnetics for medical, military, aerospace and aviation, and applications in the industrial and commercial field such as renewable energy and test and measurement equipment."