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Announced

YAGEO to acquire the Telemecanique Sensors business of Schneider Electric for $729m.

Financials

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Transaction Value£630m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales2.2x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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electromechanical sensors

electronic sensors

Majority

Private

France

Pending

Friendly

Acquisition

Cross Border

Electronic Equipment: Gauges and Meters

Single Bidder

Synopsis

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YAGEO, a global electronic component and service provider, agreed to acquire the Telemecanique Sensors business of Schneider Electric, a French multinational company that specialises in digital automation and energy management, for $729m. "We are delighted to welcome Telemecanique Sensors into YAGEO Group. 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. 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. YAGEO will have more than $600m of annual revenue, which is around 14% of the revenue, across a wide selection of sensing products, creating a strong platform for our continued expansion," Pierre Chen, YAGEO Founder and Chairman.

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