The 29 year-old Lite-On is the world’s largest AC/DC GPP bridge supplier and makes components for switching power supplies and system power supplies.
Lite-On had revenues of $203 million in the first seven months of this year down 10% y-o-y.
Commenting on the transaction, Dr. Keh-Shew Lu, President and CEO of Diodes, said, “In combination with our strong organic growth, this proposed acquisition underscores Diodes’ use of acquisitions to accelerate the attainment of our next strategic goal of
"This transaction will expand our discrete business in
Diodes said that it expects to fund the acquisition primarily with proceeds from a new financing arrangement co-led by