We would like to inform you that Schneider Electric has received a binding purchase offer and has entered into exclusive negotiations with YAGEO Corporation, regarding the sale of its Telemecanique Sensors business unit.
YAGEO is a global provider of passive-component solutions with a product portfolio of resistors, ceramic capacitors, ferrites, high frequency products, aluminum capacitors, inductors and others, mainly used in consumer electronics, telecommunication, power and automotive sectors. YAGEO holds worldwide leading positions in chip resistors, tantalum capacitors, inductors and MLCCs. In 2021 YAGEO generated revenue of €3.5 billion and is listed in Taipei with a market capitalization of €6 billion.
From now until completion of this project, Telemecanique Sensors, Schneider Electric and YAGEO will work to ensure smooth business continuity. You will continue dealing with the Telemecanique Sensors’ management and country teams, who will remain fully committed to your needs and fully engaged for the future success of the company.
With your continued support as a valued partner, we have been able to build Telemecanique Sensors into a successful business providing simplicity, proximity, and expertise.
The combination of YAGEO and Telemecanique Sensors will strengthen and expand our ability to serve customers through both our global reach.
Our continued priority is your satisfaction with our offers. We remain dedicated to our partnership and will continue to operate as usual while looking forward for further opportunities.
- Your daily contact remains unchanged.
- We will continue to operate business-as-usual under our established agreements with no interruption to our daily service or operations.
- We will inform you and collaborate with you on the next steps following this announcement.
The proposed transaction is anticipated to close in the coming months, subject to the usual regulatory approvals.
Should you have any questions in the meantime, do not hesitate to reach out to your usual Schneider Electric and Telemecanique Sensors contact.
Thank you for your attention, and we look forward to continuing doing business with you.