Murata Electronics, RF Monolithics, aquisition
Murata Electronics announces definitive agreement to aquire RF Monolithics
News Release from:
Murata Electronics (UK) Ltd.
13 April 2012
Murata Electronics North America, Inc. and its parent company Murata Manufacturing Co., Ltd. announced today that it has signed a definitive agreement to acquire RF Monolithics, Inc. in an all cash transaction. Targeted to close in the third calendar quarter of 2012, the deal will pay the holders of RFM common shares $1.78 per share.
RF Monolithics, Inc., (hereinafter referred to as “RFM”), headquartered in Dallas, Texas, is a provider of solutions-driven, technology-enabled wireless connectivity for a broad range of wireless applications—from individual standardized and custom components to modules for comprehensive industrial wireless sensor networks and machine-to-machine (M2M) technology.
“RFM’s proven success in developing business in the healthcare, energy and industrial markets compliments Murata’s growth strategy. Additionally, leveraging RFM’s expertise in design and development of production ready RF modules, SAW based & RFIC short-range radios, stand-alone radio systems and platforms for M2M applications will enable Murata to increase the value of the wireless module solutions delivered to Murata’s existing and future customers in the global marketplace.” said David M. Kirk, President and CEO of Murata Electronics North America, Inc., the Regional Headquarters of Murata Americas.
When this acquisition is completed Murata will have the complementary capability to be able to satisfy the requirements of our medium volume customers in Europe for specifically designed or modified RF modules and SAW based products for the growing demands of medical, industrial, automotive and M2M applications. comments Terry Churcher, President of Murata Electronics Europe BV., the Regional Headquarters of Murata Europe, Middle East, and Africa.