Vishay announced the acquisition of HiRel Systems, 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.

HiRel Systems has a long heritage in power conversion dating back to the founding of Schott Corporation in 1951. The acquisitions of DT Magnetics was in 2003 and of ZMAN Magnetics in 2004.

“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.”