# TE Connectivity to acquire Schaffner Holding for €335 million

TE Connectivity launched an all-cash public tender offer for all publicly held shares of Schaffner Holding for CHF 505 per share, valuing the deal at €335 million. Schaffner is a developer of EMC filters for large equipment, heat pumps and automotive.

- Type: Acquisition
- Announced: 2023-08-25
- Where: Switzerland
- Value: $365.0M (335.0M EUR)
- Status: announced
- Products: EMC filters, electromagnetic compatibility components
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [TE Connectivity](https://endata.com/companies/16155.md) (acquirer)
- [Schaffner Group](https://endata.com/companies/54482.md) (target)

## Sources

- [eenewseurope.com](https://www.eenewseurope.com/en/te-to-buy-schaffner-for-e335m-emc-boost/), 2023-08-25: "TE Connectivity is to buy Schaffner Holding in a deal worth €335m."
- [evertiq.com](https://evertiq.com/news/54252), 2023-08-29: "EMC filters represent an essential component technology in many of our fast-growing applications, such as motion control, robotics, industrial machinery, medical equipment and e-mobility."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.