YAGEO, a global electronic component company, agreed to acquire Heraeus Nexensos, a provider of temperature sensing solutions, for $77m. “In a world that is rapidly moving towards everything smart and electrified, sensors are an integral part of that paradigm shift. To us, temperature sensors are a great addition to our existing sensor portfolio from YAGEO and TOKIN and the perfect product to propel us further into the sensor market given the similarities in business models and secular trends. Heraeus Nexensos has a highly complementary set of products and customers, especially in the automotive and industrial segments which are the key drivers for future growth," Pierre Chen, YAGEO Founder and Chairman.