Taiwanese electronic parts maker Yageo (TPE:2327) has completed its acquisition of Japan's Shibaura Electronics (TYO:6957), securing an 87.3% acceptance rate in the tender offer concluded on Monday, according to a filing with the Taiwan bourse the same day.
The deal, executed through Yageo Electronics Japan LLC, is valued at about 109 billion yen, or 7,130 yen per share, and is aimed at expanding Yageo's sensor business by leveraging Shibaura's strength in negative temperature coefficient (NTC) thermistors.
The transaction will be funded through a combination of cash and debt, with full completion expected by the fourth quarter of 2025.
Yageo said the acquisition will bolster Shibaura's R&D and manufacturing capacity in Japan, expand customer reach through Yageo's global platform, and accelerate growth in the Americas and EMEA regions. The company expects the deal to have a positive impact on earnings per share and net worth.