TDK Looks to Strengthen IoT Position Through Tronics Purchase
TDK’s Munich-based component subsidiary 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…
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with multiple sensor functions in one device. The integration of Tronics into TDK will open opportunities in growth markets for inertial sensors in industrial, automotive and consumer electronics, enabling TDK to “substantially expand its sensor business and provide customers with a wide range of sensor solutions,” it said. Thales Avionics, which owns 20.9 percent of Tronics, said it wishes to remain a strategic shareholder of Tronics. Epcos and Thales initiated discussions to establish terms and conditions of their possible future relationships for Tronics, and agreed to sign a shareholders’ agreement at the close of the tender offer.