Diodes Closes Acquisition of BCDMarch 7, 2013
BCD is an analog integrated device manufacturer, based in China, specializing in the design and manufacture of power management integrated circuits.
PLANO, TX /BUSINESS WIRE/ -- Diodes Inc., a leading global manufacturer and supplier of high-quality application-specific standard products within the broad discrete, logic, and analog semiconductor markets, announced that it has completed its acquisition of BCD Semiconductor Manufacturing Ltd. in an all-cash deal, valued at approximately $151 million. Under the terms previously announced, each ordinary share, par value $0.001 per share, of BCD (the shares), including shares represented by American Depository Shares (ADSs), has been converted into the right to receive cash. Each ADS represents six shares and has been converted into the right to receive $8.00 in cash, without interest.
Dr. Keh-Shew Lu, Diodes' President and CEO, commented, "As we have worked with the BCD team over the past several weeks, we have come to appreciate more fully the integrity, dedication, and work ethic of their management team and the depth and value inherent in the BCD product portfolio. We have recognized that our companies' cultures are very compatible, and have been able to create a rapid integration plan that will allow us to accelerate the profitable business opportunity of the combined organization."
Added Mr. Chieh Chang, BCD's CEO, "We have been very pleased with the aggressive approach Diodes has taken to allow us to close this transaction so expediently. I am optimistic about the opportunity that merging with Diodes offers to our customers, partners, and employees. The BCD management team and I look forward to being part of this dynamic and growing company."
Diodes Inc., a Standard and Poor's SmallCap 600 and Russell 3000 Index company, is a leading global manufacturer and supplier of high-quality application-specific standard products within the broad discrete, logic, and analog semiconductor markets. Diodes serves the consumer electronics, computing, communications, industrial, and automotive markets. Diodes' products include diodes, rectifiers, transistors, MOSFETs, protection devices, functional specific arrays, single gate logic, amplifiers and comparators, Hall-effect and temperature sensors; power management devices, including LED drivers, DC-DC switching and linear voltage regulators, and voltage references, along with special function devices, such as USB power switches, load switches, voltage supervisors, and motor controllers. Diodes' corporate headquarters, logistics center, and Americas' sales office are located in Plano, TX. Design, marketing, and engineering centers are located in Plano; San Jose, CA; Taipei, Taiwan; Manchester, England; and Neuhaus, Germany. Diodes' wafer fabrication facilities are located in Kansas City, MO, and Manchester, with two manufacturing facilities located in Shanghai, China, and two joint venture facilities located in Chengdu, China, as well as manufacturing facilities located in Neuhaus and Taipei. Additional engineering, sales, warehouse, and logistics offices are located in Fort Worth, TX; Taipei; Hong Kong; Manchester; Shanghai; Shenzhen, China; Seongnam-si, South Korea; Tokyo, Japan; and Munich, Germany, with support offices throughout the world.
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