TDK’s EPCOS to accquire French sensor maker Tronics

TDK has announced the accquistion of French sensor maker “Tronics Microsystems” by its fully-own subsidiary EPCOS. EPCOS will launch an all-cash public tender offer for all publicly-held shares of Tronics for a price of EUR 13.20 per share, represents a 78.4% premium to the closing share price as of July 7, 2016. The total transaction value is expected to be approximately EUR 48.65 million.

Founded in 1997, Tronics is a MEMS maker particularly strong in inertia sensor, with wafer facilities in Europe and America. Integrating the sensor business from Tronics, TDK aims to further expand its sensor market by broadening its portfolio of sensors.

According to TDK, the tender offer is expected to be filed at the beginning of September 2016. The effective opening of the tender offer is subject to prior clearance by the French Ministry of Economy and Finance.

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