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New Deal


Announced

Completed

TE Connectivity completed the acquisition of a 72% stake in First Sensor for $343m.

Financials

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Transaction Value£271m
Consideration TypeCash
Capital Owned-
Capital Bid For72%
EV/Sales2.8x
EV/EBITDA29.22x
Share Price Premium14.6%
One Off Charge-

Tags

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Acquisition

Germany

Electronic Components and Equipment

sensor components

Public

Single Bidder

Joint Venture

Completed

Friendly

Synopsis

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TE Connectivity, a technology company that designs and manufactures connectivity and sensor products, completed the acquisition of a 72% stake in First Sensor, a sensor manufacturer for $343m. "The business combination with First Sensor is yet another milestone in TE Connectivity's commitment to being a leader in the sensor space and continuing to provide customers with a high level of product innovation and service. The First Sensor team's capabilities, as well as their products, strongly align with the markets we serve and create greater opportunity to serve our customers," John Mitchell, TE Connectivity SVP and General Manager.

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