Yageo announced yesterday that it will acquire Heraeus Nexensos' high-end temperature sensor division in cash. The total transaction value is expected to be approximately 79.4 million euros (approximated $77.26 million), and the transaction will be completed in the first half of 2023.

Heraeus' temperature sensor division is headquartered in Hanau, Germany, and has two manufacturing sites in Germany and Malaysia. Products include wire sensors, SMD sensors, and PCB sensors.

As of 2021, 60% of Heraeus' temperature sensor business revenue comes from high-end markets such as North America and Europe, and 100% of revenue comes from industrial and automotive customers.

"In a world that is rapidly moving towards intelligence, sensors are an integral part of this transformation. For us, temperature sensors add more integrity to the existing Yageo and TOKIN sensor product portfolio. It will be the perfect product to push us further into the sensor market. The Heraeus Temperature Sensor Division has a series of products and customers that are highly complementary to Yageo, especially in the automotive and industrial sectors, and will be a key driver for future growth. " Said Pierre Chen, chairman of Yageo, said.