Bullish on magnetic sensor will play a key role in the industrial and automotive electronics applications, TDK electronic components manufacturers recently from in this area have professional and technical - micron semiconductor company from Switzerland (Micronas) offer are put forward.
TDK big proposal to meguiar's 60 day average share price 70% premium to make acquisitions - they are willing to pay 7.5 francs per share, a total of about 223.2 million Swiss francs ($224 million, 206 million euros) of the purchase price. Meguiar's has also said it would suggest its shareholders accept the offer.
From the standpoint of TDK, the purpose of the acquisition is to increase the company in the automotive, industrial, information and communication technology in the field of sales and profitability. Said the company is very bullish on this type of application add to the demand of the sensor, and also think beauty was the hall effect sensors of the major manufacturers, owning a car in the field of important customers. Meguiar's has the most widely hall effect sensor product portfolio, as well as the global processing the sensor data The guest of embedded microcontroller controller. For the safety of the car, car body, comfort and power transmission applications, the sensor can be used to detect endpoint location and measurement of linear motion or point of view.
According to sources familiar with micron, TDK is going to take these sensors as the core, to further expand the related business. TDK said, by the company in the magnetic material of professional technology, will help create a merger synergy for both sides.
At present, based on the automotive and industrial applications of hall effect sensor market, Belgium semiconductor suppliers - Wallace to core (Melexis) is the most main competitor.
From the point of the m&a action, TDK is continuing its m&a strategy. In 2008, the company had 1.2 billion euros ($1.87 billion) for passive components industry Epcos. Like meguiar's, Epcos is also a component suppliers in automotive and industrial markets.
