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Taiwan’s Yageo buys Telemecanique Sensors for €723m

02 November, 2022

The Taiwanese electronic component and service provider Yageo Corporation is buying Schneider Electric’s Telemecanique Sensors business in an all-cash deal that values the business at €723m ($729m). Schneider will grant Yageo a license to use the Telemecanique Sensors name, and Yageo will acquire the relevant patents.

Telemecanique Sensors design, develops and produces electromechanical and electronic sensors including limit switches, proximity sensors, safety switches, RFID systems, wireless devices, photoelectric sensors, cords and connectors, and pressure sensors. In 2021, it generated around €280m ($331m) in revenues, with about 70% of this coming from North America and Europe.

The proposed deal will strengthen Yageo’s position as a global supplier of premium electronic components and will broaden its product portfolio. After the deal, Yageo will have annual revenues of more than $600m, around 14% of which will come from sensing products.

“The proposed acquisition will be a major milestone for Yageo to further strengthen its position in the sensor market, which will be a significant growth driver for Yageo,” says the company’s founder and chairman, Pierre Chen. “We will be able to deliver an even more comprehensive product range for our customers from passive components to a broad range of high-end electronic components.”

The deal will also broaden Yageo’s relationships with industrial customers around the globe.

“We believe that Yageo has the right capabilities and culture to support Telemecanique Sensors and its management team to deliver on their ambition and accelerate growth,” says Schneider Electric chairman and CEO, Jean-Pascal Tricoire. “With a track record of successful M&A and company integration, Yageo is committed to support Telemecanique Sensors’ specialisation and unleash the full potential of the company and its team.”

The deal is expected to close “in the coming months”, subject to regulatory approvals. Employee representative bodies at both companies will be consulted on the proposed carve-out of Telemecanique Sensors and its subsequent sale.

Telemecanique Sensors offers a wide range of sensing technologies

Yageo, founded in 1977, has production and sales facilities in Asia, Europe and the Americas and employs 40,000 people worldwide. It has 49 manufacturing sites, 20 R&D centres and 47 sales offices around the world. In 2021, Yageo generated revenues of around €3.5bn.

It offers one-stop-shopping with a product portfolio that includes resistors, capacitors, inductors, transformers, relays, antennas, wireless components and circuit protection components. Its key markets include aerospace, automotive, telecommunications, industrial, medical, IoT, power management and consumer electronics.

Yageo claims to be the world’s largest producer of chip-resistors and tantalum capacitors, and number two in power beads and moulding inductors.

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