Yageo Corp (國巨), the world’s third-largest multilayer ceramic capacitor supplier, has entered into a binding commitment with France-based Schneider Electric to acquire its sensors business for about NT$12.4 billion (US$386.2 million) in cash, further expanding its presence in the world’s sensor market, the company said yesterday.
The latest acquisition proposal came after Yageo earlier this month announced its plan to acquire a sensor business from Heraeus Holding GmbH in a cash deal worth NT$2.84 billion.
The proposed transaction is part of Yageo’s strategy to expand its premium product and high-end product portfolios, the company said in a statement yesterday.
Photo: Chang Hui-wen, Taipei Times
“The proposed acquisition will be a major milestone for us to further strengthen our position in the sensor market, which will be a significant growth driver for Yageo,” Yageo chairman Pierre Chen (陳泰銘) said.
“We will be able to deliver an even more comprehensive product portfolio for our customers from passive components to a broad range of high-end electronic components,” Chen said.
Yageo aims to boost its annual revenue to above US$600 million, with about 14 percent of revenue coming from sensors, it said.
The proposed transaction values Schneider Electric’s Telemecanique Sensors business at an enterprise value of 723 million euros (US$726 million), with an estimated equity value of about 686 million euros, it said.
Schneider Electric would grant Yageo a license to use the Telemecanique Sensors name, and Yageo would obtain the relevant sensor patents, it said.
Telemecanique Sensors is a leading global specialist in the design, development and delivery of mission-critical electromechanical and electronic sensors. It generated about 280 million euros in revenue last year. With more than 90 years of experience, the company has built a broad portfolio of sensing solutions including high-end limit switches, proximity sensors and pressure sensors, it said.
Nvidia Corp CEO Jensen Huang (黃仁勳) today announced that his company has selected "Beitou Shilin" in Taipei for its new Taiwan office, called Nvidia Constellation, putting an end to months of speculation. Industry sources have said that the tech giant has been eyeing the Beitou Shilin Science Park as the site of its new overseas headquarters, and speculated that the new headquarters would be built on two plots of land designated as "T17" and "T18," which span 3.89 hectares in the park. "I think it's time for us to reveal one of the largest products we've ever built," Huang said near the
China yesterday announced anti-dumping duties as high as 74.9 percent on imports of polyoxymethylene (POM) copolymers, a type of engineering plastic, from Taiwan, the US, the EU and Japan. The Chinese Ministry of Commerce’s findings conclude a probe launched in May last year, shortly after the US sharply increased tariffs on Chinese electric vehicles, computer chips and other imports. POM copolymers can partially replace metals such as copper and zinc, and have various applications, including in auto parts, electronics and medical equipment, the Chinese ministry has said. In January, it said initial investigations had determined that dumping was taking place, and implemented preliminary
Intel Corp yesterday reinforced its determination to strengthen its partnerships with Taiwan’s ecosystem partners including original-electronic-manufacturing (OEM) companies such as Hon Hai Precision Industry Co (鴻海精密) and chipmaker United Microelectronics Corp (UMC, 聯電). “Tonight marks a new beginning. We renew our new partnership with Taiwan ecosystem,” Intel new chief executive officer Tan Lip-bu (陳立武) said at a dinner with representatives from the company’s local partners, celebrating the 40th anniversary of the US chip giant’s presence in Taiwan. Tan took the reins at Intel six weeks ago aiming to reform the chipmaker and revive its past glory. This is the first time Tan
CUSTOMERS’ BURDEN: TSMC already has operations in the US and is a foundry, so any tariff increase would mostly affect US customers, not the company, the minister said Taiwanese manufacturers are “not afraid” of US tariffs, but are concerned about being affected more heavily than regional economic competitors Japan and South Korea, Minister of Economic Affairs J.W. Kuo (郭智輝) said. “Taiwan has many advantages that other countries do not have, the most notable of which is its semiconductor ecosystem,” Kuo said. The US “must rely on Taiwan” to boost its microchip manufacturing capacities, Kuo said in an interview ahead of his one-year anniversary in office tomorrow. Taiwan has submitted a position paper under Section 232 of the US Trade Expansion Act to explain the “complementary relationship” between Taiwan and the US
RSS