Murata Manufacturing Co., Ltd., the world’s number one supplier of passive electronic components, announced today that Murata Electronics North America, Inc., its full subsidiary 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. For more information on RFM, please visit RFM’s website at http://www.RFM.com.
David M. Kirk, President and CEO of Murata Electronics North America, Inc., the Regional Headquarters of Murata Americas said:
“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.”
Murata Americas regional HQ is Murata Electronics North America, Inc., a wholly owned subsidiary of Murata Manufacturing Co., Ltd., whose global headquarters are in Kyoto, Japan. Established in 1944, Murata Manufacturing is a worldwide leader in research, design, manufacture and sale of ceramic based passive electronic components, power supply and wireless module solutions. With annual revenues in excess of $7 billion dollars, Murata is committed to the environmentally conscious development and stable supply of advanced electronic materials, leading edge electronic components, and multi-functional, high-density modules. Murata’s products are found in a wide range of applications including consumer, mobile communications, computers and networking equipment, automotive electronics, advanced metering equipment, digital home electronics, lighting and illumination, and healthcare devices. Murata has employees and manufacturing facilities throughout the world.