First Sensor AG, a developer and manufacturer of standard products and customer-specific sensor solutions, has a new major shareholder: After completion of the takeover offer published on July 8, 2019, TE Connectivity Sensors Germany Holding AG, a wholly owned subsidiary of TE Connectivity Ltd. ("TE"), holds a total of 71.87 percent of the share capital and voting rights as of today.
“I am happy that we now have clarity and the path is free for the business combination agreed on in June 2019. This will allow us to accelerate our growth in a market environment that is increasingly competitive worldwide. We can benefit here from TE's technology and product leadership and its global reach in order to provide our customers with a more comprehensive range of products,” says Dr. Dirk Rothweiler, who continues to be responsible for the business of First Sensor AG as CEO. “At the same time, we are incorporating innovative, market-leading technologies, sensors and sensor systems, which are largely complementary to TE Connectivity's existing product portfolio, and a profound understanding of applications to the joint business.”In preparation for the business combination, TE already announced on December 10, 2019, that it wishes to conclude a Domination and Profit and Loss Transfer Agreement. “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,” says John Mitchell, senior vice president and general manager of TE 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.”
|2020-03-12||DGAP-News: Path free for combination with TE Connectivity (more)|
|2019-12-10||DGAP-Adhoc: Entering into negotiations of a domination and profit and loss pooling agreement between First Sensor AG and TE Connectivity Sensors Germany Holding AG (more)|
|2019-09-24||DGAP-News: First Sensor AG: Final result: First Sensor shareholders tender 71.87 percent of shares into TE Connectivity's takeover offer (more)|
|2019-09-05||DGAP-News: First Sensor AG: Expiry of initial acceptance period: First Sensor shareholders accept voluntary public takeover offer for majority of outstanding shares (more)|
|2019-07-18||DGAP-News: First Sensor AG: Executive Board and Supervisory Board Recommend Accepting Voluntary Public Takeover Offer from TE Connectivity (more)|
|2019-07-08||DGAP-News: First Sensor AG Receives Takeover Offer from TE Connectivity (more)|
|2019-06-03||DGAP-Adhoc: First Sensor AG: TE Connectivity publishes decision to launch a voluntary public takeover offer; conclusion of a Business Combination Agreement (more)|
|2019-06-03||DGAP-News: First Sensor AG: TE Connectivity announced decision to make a voluntary public takeover offer for all outstanding First Sensor shares; conclusion of a Business Combination Agreement (more)|
|2019-06-03||Webcast: TE Connectivity: Business Combination Agreement & Tender Offer (more)|
|2019-05-26||DGAP-Adhoc: First Sensor AG: Executive Board of First Sensor AG Confirms Advanced Negotiations (more)|
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