Yageo’s acquisition of Telemecanique Sensors generates surge in demand.
By Neil Ballinger, Head of Global Operations, EU Automation
In a major industrial automation development, Taiwanese electronic component and service provider Yageo Corporation acquired Schneider Electric’s Telemecanique Sensors business. This strategic move by Yageo, a global leader in passive components, signals a significant expansion into the realm of industrial automation and sensor technology.
The acquisition has sparked a notable surge in market interest. EU Automation, a key supplier of automation equipment, has reported a 35% increase in enquiries for Schneider components. Alongside a 30% increase for Telemecanique components in October and November 2023, compared to the previous two months. The heightened demand in the wake of the acquisition is causing this surge. Thus, demonstrating the market’s responsiveness to major industry shifts.
In light of these developments, EU Automation is closely monitoring the takeover’s impact on the market. The company is committed to minimising potential downtime for customers in need of in-demand parts. Which is a critical concern in the fast-paced world of industrial automation.
John Young, Group Sales Director at EU Automation, commented on this trend: “The acquisition has unmistakably created a heightened demand for both Schneider and Telemecanique components. EU Automation is strategically positioned to meet this demand, ensuring our customers receive in-demand components with record lead times.” This statement reflects the company’s agility and readiness in addressing the evolving needs of the industry.
EU Automation has produced a list of in-demand Telemecanique and Schneider part numbers across categories to show market trends:
Telemecanique components in high demand:
Schneider components in high demand:
The lists reflect the current market preferences and are indicative of the sectors’ evolving technological needs. EU Automation’s dedication to supporting the industry is evident in their proactive approach to sourcing and supplying components. They are committed to staying ahead of dynamic changes and advancements.
With the ever-changing industrial automation landscape, companies like EU Automation are crucial in meeting the industry’s needs promptly and effectively. This is especially true as we witness acquisitions like Yageo’s acquisition of Telemecanique Sensors. This acquisition represents a significant milestone for Yageo and Telemecanique Sensors. Highlighting the increasing significance of sensor technology and automation in today’s industrial era.
EU Automation is a leading supplier of automation equipment, servicing some of the world’s most prominent manufacturers. Specialising in top-tier components and reliable support, EU Automation is a vital partner in the industrial automation space.
Neil Ballinger is a highly regarded figure in the automation industry, currently serving as the Head of Operations at EU Automation.
He is known for his insightful articles on Industry 4.0, obsolescence management, and cybersecurity, which have been published in trade media worldwide. His ability to simplify complex industrial concepts has established him as a thought leader in his field.
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