Jaquet Technology Group
Summary
Jaquet Technology Group was a Swiss family-owned company founded in 1889, specializing in speed measurement technology. Under the leadership of Marc Jaquet, the company was turned around and expanded globally, including building a factory in Shanghai. In May 2016, the company was acquired by TE Connectivity (formerly Tyco Electronics), a US-Swiss industrial conglomerate.
Company History
Founding and Early Years (1889)
- Founded in Basel, Switzerland in 1889 as a family business
- Original focus on precision engineering and measurement technology
- Built upon 125+ years of Swiss engineering expertise
The Turnaround Era (Pre-2016)
Under Marc Jaquet's leadership:
- Company rescued from difficulties and turned around
- Expansion into global markets
- Construction of a manufacturing facility in Shanghai, China
- Establishment of worldwide locations and distribution networks
- Development of innovative speed sensors for multiple industries
Relocation to Pratteln (2014)
- Moved headquarters from a Basel residential neighborhood to Pratteln
- Investment of approximately 20 million CHF in new company facilities
- Part of Marc Jaquet's strategic repositioning of the company
Acquisition by TE Connectivity (2016)
Date: May 20, 2016
Acquirer: TE Connectivity Ltd. (formerly Tyco Electronics)
- Global industrial technology leader in connectivity and sensors
- Headquartered in Schaffhausen, Switzerland
- Listed on New York Stock Exchange
- 2015 revenue: approximately $12.2 billion
Rationale (according to Marc Jaquet):
"For further growth, Jaquet Technology needs a strong partner."
Marc Jaquet, as Chairman of the Board, saw TE Connectivity as the ideal partner for the company's next phase of development. The acquisition gave Jaquet Technology access to:
- Global engineering platform
- Expanded distribution channels
- R&D resources for sensor innovation
- Integration with TE's sensor portfolio
Products and Markets
Core Competencies
- Speed measurement technology
- Precision sensors for industrial applications
- Fine engineering expertise
Target Markets
- Automotive - Turbocharger and engine applications
- Railways - Speed monitoring for trains
- Power Generation - Turbine monitoring
- Aerospace - Flight control systems
- Hydraulics - Flow and speed measurement
- Diesel & Gas Engines - RPM monitoring
- Textile Machines - Production speed control
Product Portfolio
- Speed sensors (hall effect, inductive)
- Tachometers
- Monitoring systems
- Custom sensor solutions
Post-Acquisition
After the acquisition, Jaquet Technology Group became part of TE Connectivity's sensors business unit. The brand and operations continued under the JAQUET name as "JAQUET Technology Group - a part of TE Connectivity."
The acquisition strengthened TE Connectivity's position in:
- Speed sensing technology
- Industrial sensor markets
- European sensor manufacturing base
Significance
Swiss Industrial Heritage
Jaquet Technology Group represented:
- A 127-year-old Swiss family business (at time of sale)
- Traditional Basel precision engineering
- Successful transition from local manufacturer to global player
Marc Jaquet's Legacy
The sale of Jaquet Technology Group:
- Funded the creation of Jaquet Partners AG family office
- Demonstrated successful succession planning
- Allowed Marc Jaquet to transition from operational to portfolio management
- Maintained Basel's reputation in precision engineering through TE Connectivity's continued operations
Basel Tech Ecosystem
The acquisition reflected broader trends in Swiss tech:
- Consolidation of family-owned industrial companies
- Integration into global conglomerates
- Preservation of engineering expertise through acquisition rather than closure
Related Documents
- Marc Jaquet - Former CEO and Chairman
- Jaquet Partners AG - Family office founded after sale
- TE Connectivity - Acquiring company