TDK Buying Tronics for IoT
TDK’s Munich-based Epcos made a public tender offer for all publicly held shares of Tronics, in a stock-based deal valued at about $54.3 million, it said in a news release Monday. Tronics’ portfolio includes MEMS (microelectromechanical systems) technologies with multiple…
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sensor functions in one device. Thales Avionics, which owns 20.9 percent of Tronics, said it wishes to remain a strategic shareholder.