Germany’s First Sensor prepares for potential sale -sources

First Sensor AG

31/10/2018 15:31

By Arno Schuetze and Liana B. Baker
    FRANKFURT, Oct 31 (Reuters) - Germany's First Sensor
 SISG.DE  is preparing for a potential sale as its largest owner
Deutsche Private Equity (DPE) readies an exit from the maker of
electronic sensors used in industrial, medical and mobility
products, people close to the matter said. 
    First Sensor is a diversified maker of optical, pressure
radiation and temperature sensors used across for pattern
recognition tasks in a range of industrial, medical, and
autonomous driving markets. 
    DPE is considering options for First Sensor after receiving
inbound interest for the company, in which it first invested in
2011, the sources said, adding that DPE was expected to shortly
hire a financial advisor for the deal. 
    Any buyer of DPE's 36 percent stake would have to make a
takeover offer for the whole company, whose market
capitalisation stood at 150 million euros ($169.83 million) on
Wednesday.
    First Sensor and DPE declined to comment.


($1 = 0.8832 euros)

 (Additional reporting by Kane Wu and Eric Auchard; Editing by
Maria Sheahan)
 ((arno.schuetze@thomsonreuters.com; +49.69.7565.1197; Reuters
Messaging: arno.schuetze.reuters.com@reuters.net))