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Murata buys VTI tech to expand sensor business

Posted: 19 Oct 2011     Print Version  Bookmark and Share

Keywords:MEMS  automotive  sensor business 

Murata Manufacturing Co. Ltd buys MEMS company VTI technologies to expand its sensor business as VTI has a strong presence in automotive and medical applications MEMS.

The acquisition is worth around Rs.1,165.92 crore ($260 million) in cash. The deal is expected to be finalized within six months, after which VTI will become a wholly-owned subsidiary of Murata.

Formed in 1991, VTI is a privately-held manufacturer of silicon-based capacitive 3D MEMS sensors for automotive and medical applications. The company offers a wide range of sensors that covers acceleration, shock, angular velocity, vibration, inclination and pressure.

VTI had annual sales in the year to Dec. 31, 2010 of about Rs.448.43 crore ($100 million) and at that time employed about 600 people. Murata had annual sales of about Rs.35,874.44 crore ($8 billion) in the year to March 31, 2011.

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