Murata to buy MEMS firm for $260 million
October 17, 2011 // EE Times
Japanese passives to power supplies giant Murata Manufacturing Co. Ltd., has announced it has agreed to buy VTI Technologies Oy (Vantaa, Finland) for about 20 billion yen (about 190 million euro or $260 million) in cash.
The deal is expected to close within six months, at which point VTI will become a wholly-owned subsidiary, Murata (Kyoto, Japan) said.
VTI, formed in 1991, is a privately held manufacturer of silicon-based capacitive 3-D MEMS sensors for automotive and medical applications. It produces a broad range of sensors covering acceleration, inclination, shock, vibration, angular velocity, and pressure. Murata said VTI is the world's leading manufacturer of low-G accelerometer for automotive and cardiac rhythm management systems. The company ownership is divided between private equity fund EQT and the management.
Murata said that VTI's strong presence in automotive and medical sensors complemented its own in sensors for consumer applications and that the acquisition would expand and strengthen its sensor business.
VTI had annual sales in the year to Dec. 31, 2010 of 76 million euro (about $100 million) and at that time employed about 600 people. Murata had annual sales of 618 billion yen (about $8 billion) in the year to March 31, 2011.
For further information: www.vti.fi, www.murata.com.
CEO interview: Vicor powers after higher volume applications
November 26, 2014
Patrizio Vinciarelli, is one of the longest serving CEOs in electronics, having founded Vicor in 1981 and led the company ...
Wireless power receiver enables compact and efficient contactless battery charging
Advanced wheel hub drive passes extensive driving tests
CEO interview: Murata succumbs to IoT temptation
ZigBee Alliance unifies application standards for Internet of Things
Can Japan get her groove back with IoT?
November 25, 2014
Japan, which once looked like a world leader as it pushed its Home Energy Management System (HEMS) and the smart home standard, ...
Packing extra charges for those long travels
GalaxyCore develops 'through-silicon' image sensor
Intel, Sheldon Cooper promote 3D camera technology
- Halogen-free options and increased performance for terminal blocks
- Wireless Power User Guide
- Secure is the New Smart
- 5 Best Practices for Designing Flexible Test Stations
InterviewCEO interview: Vicor powers after higher volume applications
Patrizio Vinciarelli, is one of the longest serving CEOs in electronics, having founded Vicor in 1981 and led the company ever since. At Electronica he told EE Times Europe that his company is investing ...
Filter WizardCheck out the Filter Wizard Series of articles by Filter Guru Kendall Castor-Perry which provide invaluable practical Analog Design guidelines.
Linear video channel
READER OFFERRead more
This month, Cherry is giving away five of its Energy Harvesting Evaluation kits, worth over 266 Euros each, for EETimes Europe's readers to win. Cherry's energy harvesting technology benefit mostly applications where a complex wire assembly and/or batteries would be inappropriate.
The required RF-energy is created by the mechanical actuation of the switch and the data is transmitted...MORE INFO AND LAST MONTH' WINNERS...
December 15, 2011 | Texas instruments | 222901974
Unique Ser/Des technology supports encrypted video and audio content with full duplex bi-directional control channel over a single wire interface.
Most popular news
- Could magnesium battery innovation end lithium's dominance?
- From warm to cool white: colour-temperature tunable LEDs
- Li-Fi communication module wirelessly transfers data at 1-Gbps
- Supercapacitor innovation promises panel-powered cars in five years
- Rebranding the revolution: the future of IoT is embedded