Rumors settled TI to $3 billion sale of sensor control business

To stir the industry months of rumors finally ended, TI (Texas Instruments) has agreed to sell its sensor and control business department (Sensors & Controls, Division), the cash transaction price of $3 billion, the buyer is indeed rumors mentioned in the private investment firm Bain Capital (Bain capital). The transaction does not involve the TI radio frequency identification (RFID) system operations.

"The Wall Street journal" earlier estimated that the deal was $2 billion 500 million. In November of last year, R.W. Baird analyst Tristan Gerra has reported that TI has reached agreement on the sale of its sensors and controls.

TI sensors and control department with 5400 employees worldwide, earning more than $1 billion a year. See turnover distribution release from 2004 TI, the total revenue of $12 billion 600 million, $10 billion 900 million accounted for most of the semiconductor, the second is; sensing and control part, $1 billion 130 million in revenue; the other is $520 million turnover of educational products.

TI CEO Rich Templeton said, stripping sensor business can better reflect the value of the company. TI will focus on high growth in the core of digital signal processing and analog semiconductors, sensors and control operations in the capital injection and strategic resources, but also to achieve better growth. Responsible for the S&C Department of the president Thomas Wroe and current management will continue to play a leading role.