Overview
- Yageo said on October 20 that its tender offer for Shibaura Electronics succeeded, making Shibaura a subsidiary with its Tokyo Stock Exchange Standard listing set for cancellation.
- At an October 21 briefing in Tokyo, the companies outlined plans to expand sales domestically and internationally following the completion of the deal.
- Yageo will leverage Shibaura’s sales network to deepen access to the Japanese market, while Shibaura will tap Yageo’s customers in Europe, the United States and China.
- The growth focus centers on temperature sensors used in automobiles, a segment where Shibaura has established strength.
- A prior competing bid from MinebeaMitsumi was withdrawn, and Yageo Chairman Pierre Chen signaled openness to further M&A as Shibaura’s CEO noted improved mutual understanding after executive meetings.