KPMG is advising Condat, the German telecoms equipment company, on a €100m ($86.7m) recommended takeover offer from Texas Instruments of the US in the latest addition to the consultancy's increasing corporate finance work with Germany's emerging company sector.

Texas Instruments, the US computer chip maker, has offered Condat shareholders €12 per share for the 89.2% of the company it does not already own, which values the company at around €100m. Condat's management and founding shareholders who own 56.2% of Condat's shares have recommended the bid under general advice from KPMG corporate finance.