I am pleased to announce that Yageo Corporation and Pulse Electronics have entered into a definitive agreement under which Yageo will acquire Pulse. The transaction was announced May 22, 2018 – you can find the press release here.
Yageo believes Pulse has tremendous growth potential and is keen to gain a foothold in the U.S. and in Europe, as well as in the automotive and industrial markets. Importantly, they understand the importance of maintaining our strong customer relationships. Our relationships with you and the resources available to you will not change – nor will our commitment to serving our customers and vendors with the same integrity and principles that you have come to know from Pulse. Be assured that we will continue to provide you with a strong portfolio of products and capabilities with unmatched quality and customer service, and as part of a larger organization, we expect all of our customers and vendors will benefit from our increased scale.
In case you are not familiar, Yageo is a Taiwan-based provider of passive components services with capabilities on a global scale, including production and sales facilities in Asia, Europe and the Americas. The Company provides one-stop-shopping for leading OEMs, distributors, and contract equipment manufacturers around the globe, offering its complete product portfolio of resistors, capacitors and wireless components in both commodity and specialty versions to meet the diverse requirements of customers. For more information on their world-class offerings, please visit http://www.yageo.com/NewPortal/_en/index.jsp.
Many of you may have questions, and our Customer Relations representatives are on hand to answer them. Your day to day business contacts will remain the same. We are personally briefing our teams today to ensure continued focus on your existing priorities.
This acquisition presents a terrific opportunity for all of us to deliver the strongest portfolio of products and capabilities, and we look forward to sharing our plans in more detail as we continue along the next phase of our exciting journey.
As always, thank you for your continued support of Pulse.
Chief Executive Officer