News Article
Murata to buy RF Monolithics
The acquisition is targeted at increasing the value of Murata's wireless module solutions
Murata Electronics North America, Inc., a fully owned subsidiary of Japanese firm Murata Manufacturing Co., Ltd., has signed a definitive agreement to acquire RF Monolithics, Inc.
Then all cash transaction is targeted to close in the third calendar quarter of 2012, and the deal will pay the holders of RFM common shares $1.78 per share.
RF Monolithics (RFM), headquartered in Dallas, Texas, is a provider of solutions-driven, technology-enabled wireless connectivity for a broad range of wireless applications—from individual standardised 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," comments David M. Kirk, President and CEO of Murata Electronics North America, Inc., the Regional Headquarters of Murata Americas.
Murata Electronics North America, Inc., a fully owned subsidiary of Japanese firm Murata Manufacturing Co., Ltd., has signed a definitive agreement to acquire RF Monolithics, Inc.
Then all cash transaction is targeted to close in the third calendar quarter of 2012, and the deal will pay the holders of RFM common shares $1.78 per share.
RF Monolithics (RFM), headquartered in Dallas, Texas, is a provider of solutions-driven, technology-enabled wireless connectivity for a broad range of wireless applications—from individual standardised 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," comments David M. Kirk, President and CEO of Murata Electronics North America, Inc., the Regional Headquarters of Murata Americas.
