Guoju Co., Ltd. (hereinafter referred to as Guoju; stock code: 2327 TW) and Schneider Electric (hereinafter referred to as Schneider) announced today that they have reached an agreement to acquire Telemecanique Sensors, the advanced industrial sensor division of Schneider in France, for cash. After considering the adjustment project agreed upon by both parties, the total expected transaction amount is approximately 686 million euros, equivalent to 21.4 billion New Taiwan dollars, The actual price will be based on the amount on the delivery date. Guoju will obtain sensor business and patents related to Telemecanique Sensors, as well as trademark authorization for Telemecanique SensorsTM. This transaction agreement has been approved by the board of directors of both companies.
Telemecanique Sensors is a leading global professional supplier of key electromechanical and electronic sensor design, development, and solutions. Telemecanique Sensors had a revenue of approximately USD 330 million (equivalent to NT $10.5 billion) in 2021, with approximately 70% of its revenue coming from high-end markets such as North America and Europe. Telemecanique Sensors, with over 90 years of continuous innovation in the sensor field, has constructed a diverse portfolio of sensor solutions, including high-order limit switches, proximity sensors, and pressure sensors. Telemecanique Sensors' products are widely used in the rapidly growing IoT electronic measurement, industrial automation, and infrastructure fields, including advanced electronic measurement, Industry 4.0, and intelligent building applications.
This acquisition once again implements Guoju's operational strategy of continuously focusing on the high-order niche field, further expanding its highly designed product portfolio, and enhancing Guoju's market position as a global niche component solution supplier. Chen Taiming, founder and chairman of Guoju Company, stated: We are honored to welcome Telemecanique Sensors to join Guoju Company. This acquisition will be an important milestone for Guoju Company to further consolidate its position in the sensor market and will also be the main driving force for Guoju Company's growth in the high-order niche market. We will provide customers with a more comprehensive product portfolio, not limited to traditional passive components, but including electronic components with a wider range of applications. Guoju Company's various "The products related to style sensing will have an annual revenue performance of over 600 million US dollars in the future, accounting for about 14% of the overall annual revenue of the merged company. We firmly believe that this will be one of the key products for Guoju Company's continuous expansion in the future."
Telemecanique Sensors will benefit from Guoju's high-quality global sales channels and manufacturing processes, thereby achieving its next stage of growth momentum. In addition, with Telemecanique Sensors' long-term focus on the B2B field and its state-of-the-art product portfolio advantages, Guoju will be able to further expand and deepen its close relationship with global regulatory customers through the continuous expansion of innovative sensor solutions.
Jean Pascal Tricoire, Chairman and CEO of Schneider Electric, said, "We believe that the operational strength and corporate culture of Guoju Corporation will support Telemecanique Sensors in achieving its ambitious rapid growth. Guoju Corporation has rich experience and advantages in international mergers and acquisitions, which will further enhance Telemecanique Sensors' industrial focus and unleash its infinite potential for comprehensive efficiency."
This transaction is expected to be completed within the next few months after the consultation process is completed by the Schneider employee representative office, as well as the preparation work of both parties is completed and approved by the competent authority. It will create higher value for the company's employees, customers, and shareholders.
BNP Paribas is the exclusive financial advisor for Guoju's acquisition deal