Yageo announces plans to acquire Japan's Shibaura Electronics

Taiwan's passive component giant Yageo announced that it plans to publicly acquire 100% of the shares of Shibaura Electronics, a Japanese listed company, at 4,300 yen per share. The total transaction amount is expected to be approximately 65.559 billion yen. The purpose of this acquisition is to expand Yageo's sensor business, which is scheduled to begin on May 7, 2025. Shibaura Electronics was founded in 1953 and focuses on electronic component manufacturing. It currently provides thermistor components and temperature sensor products, has more than 4,800 employees, and annual revenue exceeds 32 billion yen.