germanys first sensor ag said on sunday it is in advanced talks with connector and sensor maker te connectivity ltd regarding a takeover the company which makes electronic sensors used in the industrial medical and automotive sectors said it has received a legally nonbinding expression of interest with an indicative offer price of about 28 euros 3137 per share adding that it is examining its options first sensor said it cannot predict whether te connectivity will make a takeover offer in a statement te connectivity confirmed the talks and added that an exclusivity agreement had been signed between te connectivity and first sensor the company said it would reveal further information at a later stage advt bloomberg reported on saturday that te connectivity was nearing a deal to buy the german company in october first sensors main investor deutsche private equity dpe said it was considering selling its 36 percent stake in the company dpe was considering options for first sensor after receiving interest in the company in which it first invested in 2011 reuters reported late last year first sensor has a number of rivals in the new market for light detection and ranging lidar sensors which have potential to be the eyes of driverless cars it also makes cameras for current generation advanced automotive collision detection systems other lidar players include auto parts suppliers continental ag delphi automotive zf friedrichshafen ag chipmakers infineon technologies ag and texas instruments and specialist sensor makers velodyne and quanergy among others some of these companies are first sensor customers reuters published on may 27 2019 at 0851 am ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etauto app get realtime updates save your favourite articles scan to download app sensor te connectivity india pvt ltd driverless cars te connectivity lidar sensors auto technology homenewsauto technologyfirst sensor in advanced takeover talks with te connectivity