TE Connectivity Ltd. completed its public takeover of german sensors specialist First Sensor AG. TE now holds 71.87 % shares of First Sensor.
“The business combination with First Sensor is yet another milestone in TE Connectivity’s commitment to being a leader in the sensor space and continuing to provide customers with a high level of product innovation and service,” said John Mitchell, senior vice president and general manager of TE’s sensors business. “The First Sensor team’s capabilities, as well as their products, strongly align with the markets we serve and create greater opportunity to serve our customers.” First Sensor provides market expansion opportunity with optical sensing applications for industrial, heavy truck and auto applications.
First Sensor, founded as a technology start-up in the early 1990s, is a global player in sensor technology. With expertise in chip design and production, as well as microelectronic packaging, it develops and produces standard sensors and customer-specific sensor solutions in the fields of photonics, pressure and advanced electronics for applications within the industrial, medical and transportation markets.
First Sensor has six German locations along with development, production and sales sites in the USA, Canada, China, the Netherlands, Great Britain, France, Sweden and Denmark, along with a worldwide partner network.
TE Connectivity Ltd. is a $13 billion global industrial technology leader creating a safer, sustainable, productive, and connected future. Its broad range of connectivity and sensor solutions enable advancements in transportation, industrial applications, medical technology, energy, data communications, and the home. With nearly 80,000 employees, including more than 8,000 engineers, working alongside customers in approximately 150 countries.
TE Connectivity, First Sensor AG