At what enterprise value was FIRST SENSOR acquired in 2020?

During the acquisition of FIRST SENSOR by TE CONNECTIVITY in 2020, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 300M - 700M EUR. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the TMT (Tech, Media, Telecom) industry currently tracks an average EBITDA multiple of 14.4x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of FIRST SENSOR when it was acquired by TE CONNECTIVITY?

The estimated EV/EBITDA multiple for FIRST SENSOR is in the range of 10x - 18x. For comparison, the TMT (Tech, Media, Telecom) sector currently shows an average EBITDA multiple of 14.4x. Join our community for free to access full valuation data and industry trends.

When was FIRST SENSOR acquired by TE CONNECTIVITY?

FIRST SENSOR was acquired by TE CONNECTIVITY in 2020.

What was the revenue of FIRST SENSOR at the time of the deal?

The revenue of FIRST SENSOR at the time of the deal is estimated to be in the range of 100M - 200M EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of FIRST SENSOR during the acquisition?

FIRST SENSOR's EBITDA is estimated to be in the range of 10M - 30M EUR. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the FIRST SENSOR acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the FIRST SENSOR deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://investors.te.com/news-releases/press-release-details/2020/TE-Connectivity-acquires-majority-share-of-First-Sensor-AG/default.aspx

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Home Database TMT (Tech, Media, Telecom)FIRST SENSOR

03/2020

FIRST SENSOR acquired by TE CONNECTIVITY

GERMANY Hardware & Electronics / Electronic Components / Sensors & Optics EV 300M - 700M EUR

Context

TE Connectivity Ltd. has completed the public takeover of First Sensor AG, acquiring a 71.87% majority stake from DPE Deutsche Private Equity, funds managed by Teslin Capital Management, and other shareholders. The transaction followed a voluntary public tender offer at a cash consideration of €28.25 per share. The strategic rationale for the acquisition is to combine First Sensor's expertise in photonics, pressure sensors, and microelectronic packaging with TE’s global connectivity and sensing portfolio. This combination specifically enhances TE’s optical sensing capabilities for automotive, heavy truck, and industrial applications. Despite the majority control, First Sensor initially maintained its management board, though several supervisory board representatives were replaced by TE executives post-closing. The deal required multiple regulatory approvals, including foreign investment clearances in Germany and the United States, and was finalized after approximately nine months of review.

FIRST SENSOR, which reported an EBITDA margin of LOGIN in 2019, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the TMT (Tech, Media, Telecom) sector (14.4x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

First Sensor is a global player in sensor technology, specializing in the development and production of standard and customer-specific sensor solutions. The company’s expertise spans chip design, production, and microelectronic packaging, focusing on fields such as photonics, pressure, and advanced electronics. Its products are critical for applications in the industrial, medical, and mobility sectors, including optical sensing for heavy trucks and automotive applications. Founded in the early 1990s as a technology start-up, the organization has grown into an international entity with approximately 1,000 employees and a manufacturing footprint across six German locations, alongside sites in the USA, Canada, China, and Northern Europe. The group is recognized for its high-performance sensors used in demanding environments, leveraging a worldwide partner network to serve global demand for connected and automated technologies.

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REFERENCES

Valuation range: EV 300M - 700M EUR

Revenue range: 100M - 200M EUR

EBITDA range: 10M - 30M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of FIRST SENSOR by TE CONNECTIVITY are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Target: first sensor