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.
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