WT Microelectronics, a provider focusing on the global semiconductor distribution industry, agreed to acquire Future Electronics, a manufacturer and distributor of electrical and electro-mechanical products, for $3.8bn. "We are excited to join WT Microelectronics and believe that this transaction will benefit all our stakeholders. Our two companies share a common culture, driven by a rich entrepreneurial spirit that will empower our talented employees globally. This combination is a great opportunity for WT Microelectronics and Future Electronics to jointly form a world-class industry leader, and allows us to continue our long-term strategic plan to offer the highest level of services to our customers, which we have been doing for the past 55 years," Omar Baig, Future Electronics President, CEO and Chairman.