Murata Manufacturing Co., Ltd. (TOKYO: 6981) (ISIN: JP3914400001) announced it has completed the acquisition of VTI Technologies Oy (Head office: Vantaa, Finland, hereinafter "VTI") by Murata Electronics Europe B.V., a full subsidiary of Murata Manufacturing Co., Ltd. on January 30th(Local Time).
[Future Management Policies]
MEMS (Micro Electro Mechanical Systems), a core technology of VTI, is key for reducing device size, increasing accuracy and reliability, extending service life, increasing robustness, achieving lower prices, and reducing power consumption of electronic devices and the end equipment in which they are contained. The MEMS market is rapidly expanding, including in a wide range of industrial and consumer applications such as automotive, information and communications equipment, energy, life care, and biotechnology.
By taking advantage of the synergies that result from acquiring VTI´s leading 3D MEMS sensor products to supplement its own product lines, Murata plans to strengthen and expand its business in the rapidly growing MEMS sensor market.
While Murata has a strong presence in the consumer applications market, VTI has focused on building a business base in automotive and medical applications. This acquisition will therefore enhance Murata´s product development and sales abilities.
[Comment of Tsuneo Murata, President of Murata Manufacturing Co., Ltd.]
"VTI has an exceptionally sophisticated line of sensor products, and we aim to make use of the synergies between our two companies in order to lay a foundation for sustainable growth in the future."
| [Corporate Overview of VTI Technologies ] | ||
| Company name | VTI Technologies Oy | |
| Location | Myllynkivenkuja 6, FI-01621 Vantaa, Finland | |
| Year of establishment | 1991 | |
| Representative | Markku Hirvonen (President & CEO) | |
| Capital | 547,000 euro (as of December 31, 2010) | |
| Annual Sales | 76 million euro (for the fiscal year ended December 31, 2010) | |
| Business description | Research, development, manufacture and sales of electronic devices based on 3D MEMS (Micro Electro Mechanical Systems) technology | |
| Number of employees | 600 (as of December 31, 2010) | |
| Accounting closing date | December 31 | |
| Main business locations | Vantaa (Finland), Frankfurt (Germany), Pasadena (U.S.A.), Beijing (China), Tokyo (Japan) | |
| Shareholder composition | Murata Electronics Europe B.V. 100% | |
| [Corporate overview of Murata Electronics Europe B.V.] | ||
| Company name | Murata Electronics Europe B.V. | |
| Location | Daalmeerstraat 4, 2131HC Hoofddorp, the Netherlands | |
| Year of establishment | 2004 | |
| Representative | Terry Paul Churcher (President) | |
| Capital | 220 million euro (as of January, 2012) | |
| Business description | European headquarters | |
| Shareholder composition | Murata Manufacturing Co., Ltd. 100% | |
[Corporate overview of Murata Manufacturing Co., Ltd.]
Murata Manufacturing Co., Ltd. is a worldwide leader in the design, manufacture and sale of ceramic-based passive electronic components & solutions, communication modules and power supply modules. With annual revenues of ¥618 billion (~€6.1B EUR or $7.9B USD), Murata is committed to the development of advanced electronic materials and leading edge, multi-functional, high-density modules. The company has employees and manufacturing facilities throughout the world.
