Global electronic component and service provider Yageo Corporation announced on Oct 27 that it has entered into a binding commitment with Schneider Electric, the leader in the digital transformation of energy management and automation, to acquire its Telemecanique Sensors business in an all-cash transaction. The proposed transaction values Telemecanique Sensors’ business at an enterprise value of EUR 723 million (US$729 million) with an estimated equity value of approximately EUR 686 million (US$692 million) assuming customary adjustments at closing and will be financed entirely through existing cash.