31 January 2012
Murata acquires VTI, strengthens position in MEMS sensor market
Murata Manufacturing has completed an acquisition of VTI Technologies, a supplier of acceleration, inclination and angular motion sensor solutions for transportation, medical, instrument and consumer electronics applications.
The transaction, which was completed 30 January 2012, means VTI is now a fully owned subsidiary of Murata.
According to Murata's president, Tsuneo Murata, the acquisition will enable the company to add VTI's 3D MEMS products to its existing sensor product line up and strengthen its position in the MEMS sensor market. "The integration of VTI into Murata will progress gradually during the coming year," said Murata. "Our aim is to combine the best practices of both companies in order to offer our customers even better service than before."
Under the deal, VTI will continue to manufacture and further develop MEMS sensors for the automotive and medical markets, but Murata aims to expand these devices to the consumer electronics market. Marku Hirvonen, president and ceo of VTI, added: "VTI and Murata have a strong strategic fit and we are excited about the opportunity of combining VTI's product development and manufacturing competence with Murata's well built customer base and technological know how."
Murata Electronics (UK) Ltd
VTI Technologies Oy
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