TDK's subsidiary EPCOS to acquire Tronics

TDK’s subsidiary EPCOS has made an offer of €48.65million to acquire sensor-specialist Tronics.

Joachim Zichlarz, TDK senior vice president, said: “Tronics gives us an immediate entry into the rapidly growing market for inertial sensors. The acquisition will boost our innovativeness and market strength in one of the future’s most promising and crucial technological fields.”

Thales Avionics, which holds a 20.9% stake in Tronics, has informed EPCOS that it wishes to remain a strategic shareholder of Tronics. Consequently, EPCOS and Thales Avionics have initiated discussions about their possible future relationship.

Zichlarz added: “Following the acquisition of the magnetic sensor manufacturer Micronas, which was announced in December 2015, the acquisition of Tronics represents a logical next step in TDK’s strategy to expand its activities in the sensors area.”