Guoju and France Schneider Electric announced today that Guoju acquired France Schneider High-end Industrial Sensors for 4.686 billion yuan. Guoju will obtain sensor business and patents related to Telemecanique Sensors, as well as Telemecanique Sensors™'s trademark license .
Telemecanique Sensors is a world-leading professional supplier of key electromechanical and electronic sensor design, development and solutions. Its revenue in 2021 was approximately US$330 million, and about 70% of its revenue comes from high-end markets such as North America and Europe.
Telemecanique Sensors has built a diverse portfolio of sensor solutions with more than 90 years of continuous innovation in the sensor field, including high-end limit switches, proximity sensors and pressure sensors , etc. The products are widely used in the rapidly growing IoT electronic measurement, industrial automation and infrastructure fields, including high-end electronic measurement, Industry 4.0 and smart building applications.
Guoju founder and chairman Chen Taiming said that he is honored to welcome Telemecanique Sensors to join Guoju. This acquisition will become an important milestone for Guoju to further consolidate his position in the sensor market and will become the main driving force for Guoju to grow in the high-end niche market.
Chen Taiming pointed out that in the future, it will provide customers with a more comprehensive product portfolio, not limited to traditional passive components, but includes electronic components with a wider application. Guoju's various sensing-related products will have annual revenue performance of more than US$600 million in the future, accounting for about 14% of the overall annual revenue after integration. I believe that it will become one of the key products for Guoju to continue to expand in the future.
, Chairman and CEO of Schneider Electric, said that he believes that Guoju's operating strength and corporate culture will support Telemecanique Sensors to achieve its rapid growth ambitions, and has rich experience and advantages in international acquisition of integration, which will further enhance Telemecanique Sensors' industry focus and realize its infinite potential comprehensive effect.
Telemecanique Sensors will benefit Guoju’s global sales channels and manufacturing processes, thereby achieving its next stage of growth momentum. With Telemecanique Sensors’ long-term focus on the B2B field and its most advanced product portfolio, Guoju will be able to further expand and deepen its close relationship with global industrial and regulatory customers through the continuous expansion of innovative sensor solutions.
(First picture source: Science and Technology News)
