Yageo Corporation has successfully completed its public tender offer for Japan's Shibaura Electronics, achieving an acceptance rate of 87.3%. The deal, valued at approximately NT$22.8 billion, marks a significant milestone as a rare major acquisition of a Japanese firm by a foreign entity.
The primary goal of this acquisition is to significantly expand Yageo's sensor business. Shibaura Electronics holds the leading global market share for NTC thermistor temperature sensors, a strategic product line that complements Yageo's existing portfolio.
Post-acquisition, Yageo plans to bolster Shibaura's technological leadership by providing enhanced R&D and financial resources. It also aims to upgrade Shibaura's production capabilities in Japan while leveraging Yageo's extensive global distribution network to accelerate international market share growth. Notably, Yageo has committed to keeping Shibaura's core AI sensing technology within Japan.
ICgoodFind : This strategic merger creates a powerful components supplier with enhanced one-stop-shop capabilities, reshaping the global sensor market.
