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IXYS to acquire UK power semiconductor supplier Westcode

Posted: 07 Jan 2002 ?? ?Print Version ?Bookmark and Share

Keywords:ixys? power semiconductor? westcode semiconductors?

IXYS Corp. has made an offer to acquire UK-based power semiconductor supplier Westcode Semiconductors Ltd. Westcode has agreed to enter into exclusive negotiations with IXYS, and both parties hope to complete the proposed acquisition this month.

"We have known Westcode and its management team as a customer and a supplier, and realize that their products would fit our growth strategy into higher power semiconductors and would thus extend IXYS' market reach," said Dr. Nathan Zommer, CEO and president of IXYS. "The proposed acquisition of Westcode would bring to IXYS, technical and manufacturing expertise in very high-power products as well as access to a wider range of customers."

Since 1998, Westcode has been distributing selected IXYS products through its established worldwide sales channels. Over the past 12 months, IXYS and Westcode further strengthened their business relationship by working together to develop Westcode's capability for manufacturing wafers for IXYS.

With the acquisition, IXYS will gain a line of power semiconductors, which includes 2.5kV and 5.2kV IGBTs for use in applications such as induction heating, welding, high-power motor controls, traction and electric vehicles.

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