Yageo Corporation (TWSE:2327) entered into an agreement to acquire Heraeus Nexensos GmbH from Heraeus Holding GMBH for €79.4 million on October 11, 2022. Consideration will be financed entirely through YAGEO's existing cash, subject to additional adjustments at closing. Heraeus Nexensos's annual revenue was €78.46 million in 2021. Transaction is subject to customary closing conditions and the receipt of required regulatory approvals, the board of directors of both parties have approved the transaction. The transaction is expected to close in the first half of 2023. Citigroup CIB acted as financial advisor to Yageo Corporation (TWSE:2327).

Yageo Corporation (TWSE:2327) completed the acquisition of Heraeus Nexensos GmbH from Heraeus Holding GMBH on December 31, 2022.