YAGEO announces that the Board of Directors has approved a tender offer to acquire SHIBAURA ELECTRONICS CO., LTD. , a globally recognized leader in NTC (negative temperature coefficient) thermistor manufacturing with strong technological capabilities.
This decision is based on a deep understanding of the company along with strong confidence in the combined strengths, growth opportunities, and synergies with YAGEO. Strategically, this is also a critical next step to expand YAGEO’s Sensors business.
We will target to acquire 100% of Shibaura’s shares at a price of JPY 4,300 per share (36.94% premium vs February 4th closing price / 35.69% premium vs 1-week average of closing price / 33.83% premium vs 1-month average of closing price / 32.23% premium vs 3-month average of closing price / 31.34% premium vs 6-month average closing price).
YAGEO expect that the tender offer will commence on May 7th 2025 in conjunction with the completion of regulatory approvals and other required procedures.
Accelerating Growth and Winning Together
How YAGEO will accelerate Shibaura Electronics’ growth after obtaining control of the company:
- Provide more R&D resources to advance Shibaura’s technology leadership
- Provide additional financial resources to support Shibaura’s growth
- Expand Shibaura’s manufacturing capacity and equipment in Japan in preparation for future growth
- Amplify Shibaura’s customer reach through access to YAGEO’s global distribution platform and global customer base to accelerate global market share gain, especially in the Americas and EMEA
