Tyco International agreed in September 1999 to buy Siemens AG’s Electromechanical Components business for about $1.1 billion in cash. The deal closed on November 23, 1999, adding a major relay supplier with roughly $900 million in annual sales to Tyco’s electronics operations.
What Tyco bought from Siemens
The transaction covered Siemens Electromechanical Components GmbH & Co. KG and related electromechanical-components assets in the United Kingdom and Italy, according to the European Commission’s merger decision. Tyco described the business as the world market leader for relays and a leading supplier of components to communications, automotive, consumer and general-industry customers. Its annual sales were approximately $900 million, according to Tyco International’s 1999 annual report.
Price and timing of the deal
Tyco announced the agreement on September 28, 1999. The company’s 1999 annual report records that the acquisition closed on November 23 for approximately $1.1 billion in cash. Siemens described the consideration at announcement as about DM2 billion and said the transaction required antitrust approval before closing. Siemens’ announcement and Tyco International’s 1999 annual report document those terms and dates.
Why Tyco wanted the business
Tyco sought to expand its electronics platform with a substantial components business serving several end markets. Contemporary coverage said Siemens’ operation would be integrated into Tyco Electronics’ Telecommunications and Electronics segment, creating a world leader in passive electronics products. The relay business also gave Tyco an established position in a product category used across communications, automotive and other industries.
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- Relay: 41F-1Z-C4-1
- Power: Input 24V, 24VDC/24VAC; Maximum load 6A/250VAC or 6A/30VDC
- Benefits: At only 0.19 inches thick, the modular relay is easy to replace
- Indicator lights: visualize operating status for easy observation of wiring
- Applications: Industrial automation controls, household appliances
Tyco’s 2000 annual report later reflected positively on the electronics acquisitions: “Our decision to invest heavily in electronics by acquiring Siemens Electromechanical Products and Thomas & Betts’ OEM business, among others, has turned out better than we could have imagined.” The statement appeared in Tyco International’s shareholder letter, not as a quotation attributed to a named executive. Tyco International’s 2000 annual report
Why Siemens sold the unit
Siemens presented the divestiture as part of a program to improve profitability and separate its components activities. The sale therefore fit different strategic aims on each side: Siemens was reshaping its portfolio, while Tyco was adding scale in electronics.
Rank #2
- 5V Relay Module: Working Voltage: DC 5V; Maximum Load: AC 250V/10A, DC 30V/10A; Trigger Current of Opto-Isolator: 5mA
- Fault-Tolerant Design: Fault Tolerant Design, Even if the Control Line is Broken, the Relay will not Operate;All Interfaces of Relay can be Wired Out Through the Terminals Directly,Normally Open and Normally Closed
- Optocoupler Isolation:1 Channel Relay Board use Optocoupler Isolation that has Strong Driving Ability and Stable Performance ,The Isolation Circuit Prevent Damages to I / O Port by Relay Switch Current
- Jumper Design: The Relay Module has a Jumper That You Can Set Rather the Unit State Changes with High or Low Signal. Has Screw Terminals for Relay (NC,C,NO) and for Input; Coil +, Coil - and Trigger.
- Wide Application: DC 5V Relay Module Works Well with ARM /PIC /AVR /MCU/Raspberry/CNC Machine/ PS4 etc.
How the acquisition fit Tyco’s buying binge
The Siemens deal was one of Tyco’s largest purchases during a period of broad expansion. A CFO.com retrospective lists the acquisition at $1.1 billion in cash, completed in November 1999, alongside large purchases including AMP, Raychem, Thomas & Betts’ OEM business, Lucent Power Systems, and later Simplex and CIT. The list puts the transaction in context, while the company reports and Siemens announcement establish its specific price and terms. CFO.com’s retrospective on Tyco’s acquisition binge
Quick Recap
Best Value
- Product Name : PCB Power Relay; Model : HK19F
- Coil Voltage : DC5V; Contact Ratings: 1A 125VAC/2A 30VDC; 2NO 2NC
- Number of Pins : 8; Size (Approx.) : 2 x 1 x 1.4cm / 0.8" x 0.4" x 0.6"(L*W*H); Weight : 51g; Package Content : 6 Pcs
- Compact and sealed construction. Long operational life. The relay can automatically adjust, protect and transform the circuit.
- Warranty for 1 year. If there are any issues with your order, please contact us.
Rank #4
- Picker Components | “The Relay Experts, Building Better Relays”
- 75 Amp at 14 VDC Continuous Carry Current at 25°C, -40°C to 125°C Operating Temperature
- Coil: 12 VDC / 2.9 Watts
- Cross Refernce: TE V23232-A0001-X003 & Bosch 0332002156
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