TE Connectivity completes acquisition of First Sensor AG

TE Connectivity is now the majority shareholder of sensor supplier First Sensor AG.
TE Connectivity is now the majority shareholder of sensor supplier First Sensor AG. (First Sensor AG)

TE Connectivity Ltd. has completed its public takeover of sensor technology company First Sensor AG. TE now holds 71.87% shares of First Sensor.

The global components supplier first launched a tender offer for First Sensor in June 2019. Seeking to expand its sensor portfolio, TE also acquired Elmos Semiconductor AG, a pressure sensor supplier, last September.

Founded as a technology start-up in the early 1990s, First Sensor has expertise in chip design and production, as well as microelectronic packaging. It develops and produces standard sensors and customer-specific sensor solutions in the fields of photonics, pressure and advanced electronics for applications within the industrial, medical and transportation markets.

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First Sensor has six German locations along with development, production and sales sites in the USA, Canada, China, the Netherlands, Great Britain, France, Sweden and Denmark, along with a worldwide partner network. TE Connectivity expects First Sensor to provide a market expansion opportunity with optical sensing applications for industrial, heavy truck and auto applications.

"The business combination with First Sensor is yet another milestone in TE Connectivity's commitment to being a leader in the sensor space and continuing to provide customers with a high level of product innovation and service," said John Mitchell, senior vice president and general manager of TE's sensors business, in a statement. "The First Sensor team's capabilities, as well as their products, strongly align with the markets we serve and create greater opportunity to serve our customers."

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