Diodes Incorporated closes acquisition of Zetex plc

Diodes Incorporated, a leading global manufacturer and supplier of application specific standard products within the broad discrete and analog semiconductor markets, has announced that it has completed its acquisition of Zetex plc in an all cash deal.

This acquisition offers the following potential revenue, operating and cost synergies:

l Combined 2007 revenue of $528 million;
l Expected to be accretive to GAAP earnings per share within 12 months;
l Strengthens Diodes’ product portfolio by expanding into the industrial and automotive markets;
l Creates significant cross-selling opportunities within the customer base and increases the geographic footprint;
l Complementary wafer processing and packaging technologies, resulting in expanded capabilities and capacity

Dr. Keh-Shew Lu, Diodes’ President and CEO, commented, “We are pleased to close this acquisition, which we believe will further enhance Diodes’ global leadership in discrete and analog semiconductor solutions. We look forward to achieving continued growth and capitalizing on the new business opportunities and geographic expansion resulting from this acquisition.”

The transaction will close under the previously released terms by which each Zetex shareholder will receive 85.45 pence in cash per Zetex ordinary share, valuing the fully diluted share capital of Zetex at approximately $176 million USD (based on a US$:GBP£ exchange rate of 1.9778). For a more complete description of the terms of this acquisition, see Diodes’ Form 8-K filed with the Securities and Exchange Commission on April 4, 2008.


Diodes Incorporated