(August 1, 2016) TDK Corporation and Tronics Microsystems have jointly announced that TDK’s wholly-owned subsidiary EPCOS AG and Tronics Microsystems have signed a tender offer agreement pursuant.
EPCOS will launch a public tender offer for all publicly held registered shares of Tronics for EUR 13.20 per share.
Through the acquisition of Tronics, TDK would be able to further broaden its portfolio of cutting-edge sensor technologies, which currently includes temperature, pressure and magnetic/TMR-based2sensor technologies. The integration of Tronics into TDK will open up attractive new opportunities in the promising growth markets for inertial sensors in industrial, automotive and consumer electronics and thus enable TDK to substantially expand its sensor business and provide customers with a wide range of sensor solutions.
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