Schneider Electric acquires BEI Technologies

July 22, 2005 — San Francisco-based BEI Technologies Inc. (Nasdaq: BEIQ) and Schneider Electric SA (Euronext: SCHN) reached a definitive agreement for Schneider Electric to acquire all of the outstanding shares of BEI for $35 per share in cash, the companies announced today. The transaction values BEI at approximately $562 million, including net financial debt of approximately $29 million, and has been approved by the boards of directors of both companies.

BEI manufactures MEMS-based sensors for the automotive and defense industries as well as motors and motion-controlled products. Its Systron Donner Inertial Division entered into a five-year agreement in June with Thales Aerospace of France for the supply of QRS11 quartz rate sensors.

Schneider Electric, a French manufacturer of equipment for electrical distribution and industrial control equipment, has been building up its MEMS components business. In 2004 it acquired Kavlico, which makes sensors and transducers, from Solectron.


Easily post a comment below using your Linkedin, Twitter, Google or Facebook account. Comments won't automatically be posted to your social media accounts unless you select to share.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>



Tektronix introduces Keithley S540 power semiconductor test system
10/19/2016Tektronix, Inc., a worldwide provider of measurement solutions, today introduced the Keithley S540 Power Semiconductor Test System, a ...
Novel Wafer Analyzer for up to 300mm wafer using high speed Raman Imaging Technology
08/08/2016Nanophoton introduces RAMANdrive - a new Wafer Analyzer - for a wide range of applications at semiconductor market a...
Pfeiffer Vacuum introduces HiPace 2800 turbopump for ion implantation applications
07/06/2016Pfeiffer Vacuum has introduced the HiPace 2800 IT turbopump that is designed for ion implantation applications....