15/07/2025 10:35
TDK announces its decision to implement a public buyout offer, followed by a mandatory squeeze-out on Tronic's Microsystems shares
INFORMATION REGLEMENTEE

Crolles, France – July 9th, 2025 – • TDK's wholly owned subsidiary TDK Electronics (« TDK », TSE : 6762), has informed the Board of Directors of Tronic's Microsystems its plans to launch a public takeover offer (“The Offer”) followed by a mandatory squeeze-out for Tronic's shares. TDK Electronics AG, main shareholder of Tronic's, owns 87.34% of Tronic's shares. The concert formed between TDK Electronics AG and Thales AVS France SAS owns 97.44% of the Tronic's shares.


The price of the tender offer, that will be filed to the AMF, is 5.56 Euros per Tronic's share.


The Offer is part of a move to simplify Tronic's' capital structure by acquiring the remaining capital not currently held by TDK Electronics AG and Thales AVS, France SAS (2.56% of the capital of Tronic's), for which it is being specified that TDK Electronics AG will act as sole initiator, and is in line with Tronic's' strategy, which does not require it to remain listed on the Euronext Growth® market in Paris, particularly given the very low liquidity of the stock. The Offer also aims to reduce the costs associated with the listing. As a reminder, TDK Electronics AG has been financing Tronic's these last years and expects to recapitalize Tronic's with up to 7,000,000 Euros before March 31, 2026, as the equity of Tronic's is lower than half of its share capital since 2023.


TDK Electronics AG is therefore offering Tronic's shareholders who tender their shares to the Offer the opportunity to obtain immediate liquidity for their entire stake at a price of 5.56 Euros per share.


As Tronic's is unable to set up an ad hoc committee as referred to in III of Article 261-1 of the AMF General Regulation, it will shortly submit to the AMF the identity of the independent appraiser it intends to appoint, in accordance with Article 261-1-1-I of the General Regulation.


 


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Additional information related to the transaction


The public will be informed of the filing of the draft documents relating to the Offer, which will be published by TDK Electronics AG and Tronic's during the third quarter of 2025. In accordance with French law, the documentation relating to the Offer will include the draft note of information, prepared by TDK, setting out the terms and conditions of the Offer, as well as the draft note in response, prepared by Tronic's, including the independent appraiser's report and the reasoned opinion of the supervisory board, and will be subject to review by the AMF.


 


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À propos de Tronics Microsystems


Tronics Microsystems, a TDK Group Company, is a provider of MEMS (Micro-Electro-Mechanical-System) inertial sensors solutions for precise motion sensing, positioning, navigation, and condition monitoring of critical assets. The company offers a comprehensive range of accelerometers, gyroscopes, vibration sensors, and inertial MEMS foundry services, contributing to the digital transformation of transportation, energy, and industrial markets. Founded in 1997, Tronics employs around 100 people in Crolles, near Grenoble (France), where it operates its EN 9100-certified MEMS wafer fab, assembly, packaging, and test facilities. Tronics is majority-owned by TDK Electronics AG since January 2017.


 


* Code ISIN : FR0004175099 ALTRO


 


À propos de TDK Corporation


TDK Corporation is a world leader in electronic solutions for the smart society based in Tokyo, Japan. Built on a foundation of material sciences mastery, TDK welcomes societal transformation by resolutely remaining at the forefront of technological evolution. It was established in 1935 to commercialize ferrite, a key material in electronic and magnetic products. TDK's comprehensive, innovation-driven portfolio features passive components such as ceramic, aluminum electrolytic and film capacitors, as well as magnetics, high-frequency, and piezo and protection devices. The product spectrum also includes sensors and sensor systems such as temperature and pressure, magnetic, and MEMS sensors. In addition, TDK provides power supplies and energy devices, magnetic heads, software and more. These products are marketed under the product brands TDK, TDK Electronics, InvenSense, Micronas, Tronic's, and TDK-Lambda. TDK focuses on demanding markets in automotive, industrial and consumer electronics, and information and communication technology. The company has a network of design and manufacturing locations and sales offices in Asia, Europe, and in North and South America. In fiscal 2025, TDK posted total sales of USD 14.4 billion and employed about 105,000 people worldwide.


 


 


TRONICS CONTACT
Quentin Vincent
Chief Financial Officer
Phone: 00 33 4 76 97 94 30
info.tronics@tdk.com

For more information: www.tronicsgroup-bourse.com/en/

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Crolles, France – July 9th, 2025 – • TDK's wholly owned subsidiary TDK Electronics (« TDK », TSE : 6762), has informed the Board of Directors of Tronic's Microsystems its plans to launch a public takeover offer (“The Offer”) followed by a mandatory squeeze-out for Tronic's shares. TDK Electronics AG, main shareholder of Tronic's, owns 87.34% of Tronic's shares. The concert formed between TDK Electronics AG and Thales AVS France SAS owns 97.44% of the Tronic's shares.


The price of the tender offer, that will be filed to the AMF, is 5.56 Euros per Tronic's share.


The Offer is part of a move to simplify Tronic's' capital structure by acquiring the remaining capital not currently held by TDK Electronics AG and Thales AVS, France SAS (2.56% of the capital of Tronic's), for which it is being specified that TDK Electronics AG will act as sole initiator, and is in line with Tronic's' strategy, which does not require it to remain listed on the Euronext Growth® market in Paris, particularly given the very low liquidity of the stock. The Offer also aims to reduce the costs associated with the listing. As a reminder, TDK Electronics AG has been financing Tronic's these last years and expects to recapitalize Tronic's with up to 7,000,000 Euros before March 31, 2026, as the equity of Tronic's is lower than half of its share capital since 2023.


TDK Electronics AG is therefore offering Tronic's shareholders who tender their shares to the Offer the opportunity to obtain immediate liquidity for their entire stake at a price of 5.56 Euros per share.


As Tronic's is unable to set up an ad hoc committee as referred to in III of Article 261-1 of the AMF General Regulation, it will shortly submit to the AMF the identity of the independent appraiser it intends to appoint, in accordance with Article 261-1-1-I of the General Regulation.


 


-----


Additional information related to the transaction


The public will be informed of the filing of the draft documents relating to the Offer, which will be published by TDK Electronics AG and Tronic's during the third quarter of 2025. In accordance with French law, the documentation relating to the Offer will include the draft note of information, prepared by TDK, setting out the terms and conditions of the Offer, as well as the draft note in response, prepared by Tronic's, including the independent appraiser's report and the reasoned opinion of the supervisory board, and will be subject to review by the AMF.


 


-----


 


À propos de Tronics Microsystems


Tronics Microsystems, a TDK Group Company, is a provider of MEMS (Micro-Electro-Mechanical-System) inertial sensors solutions for precise motion sensing, positioning, navigation, and condition monitoring of critical assets. The company offers a comprehensive range of accelerometers, gyroscopes, vibration sensors, and inertial MEMS foundry services, contributing to the digital transformation of transportation, energy, and industrial markets. Founded in 1997, Tronics employs around 100 people in Crolles, near Grenoble (France), where it operates its EN 9100-certified MEMS wafer fab, assembly, packaging, and test facilities. Tronics is majority-owned by TDK Electronics AG since January 2017.


 


* Code ISIN : FR0004175099 ALTRO


 


À propos de TDK Corporation


TDK Corporation is a world leader in electronic solutions for the smart society based in Tokyo, Japan. Built on a foundation of material sciences mastery, TDK welcomes societal transformation by resolutely remaining at the forefront of technological evolution. It was established in 1935 to commercialize ferrite, a key material in electronic and magnetic products. TDK's comprehensive, innovation-driven portfolio features passive components such as ceramic, aluminum electrolytic and film capacitors, as well as magnetics, high-frequency, and piezo and protection devices. The product spectrum also includes sensors and sensor systems such as temperature and pressure, magnetic, and MEMS sensors. In addition, TDK provides power supplies and energy devices, magnetic heads, software and more. These products are marketed under the product brands TDK, TDK Electronics, InvenSense, Micronas,
Tronic's, and TDK-Lambda. TDK focuses on demanding markets in automotive, industrial and consumer electronics, and information and communication technology. The company has a network of design and manufacturing locations and sales offices in Asia, Europe, and in North and South America. In fiscal 2025, TDK posted total sales of USD 14.4 billion and employed about 105,000 people worldwide.


 


 







TRONICS CONTACT

Quentin Vincent

Chief Financial Officer

Phone: 00 33 4 76 97 94 30

info.tronics@tdk.com



For more information: www.tronicsgroup-bourse.com/en/



Cette publication dispose du service " 🔒 Actusnews SECURITY MASTER ".

- SECURITY MASTER Key : m25tZJ1nZGfHyWlslsuYapRsbW6TlmmXl5KZlZKeap2WbJ5jymqUaMeWZnJklWZs

- Pour contrôler cette clé : https://www.security-master-key.com.


Information réglementée :

Informations privilégiées :

- Autres communiqués

Communiqué intégral et original au format PDF : https://www.actusnews.com/news/93016-tronics_tdk-annonce-squeeze-out-final-with-price-en.pdf



© Copyright Actusnews Wire

Recevez gratuitement par email les prochains communiqués de la société en vous inscrivant sur
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