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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.
AQ Group AB closed the deal to acquire Schaffner Group's Power Magnetics Division on July 1, 2021. The acquired entities will be renamed AQ Inductive Components Germany GmbH, AQ Transformer Solutions Inc., and AQ Power Magnetics Shanghai Co. Ltd.
AQ Group AB has signed an agreement to acquire Schaffner Group's Power Magnetics Division for CHF 22.4 million. The division has sites in Germany, Hungary, USA and China.