Murata to Acquire RF Monolithics

The acquisition will enable Murata Electronics North America to leverage RFM’s low-power technology, as well as its expertise in design and development of production-ready RF modules, SAW-based and RFIC short-range radios, and stand-alone radio systems

Murata Electronics North America Inc. and its parent company Murata Manufacturing Co. Ltd., the world’s number one supplier of passive electronic components, announced that it has closed the deal to acquire RF Monolithics Inc. (RFM). The cash transaction paid the holders of RFM common shares $1.78 per share.

RFM, headquartered in Dallas, TX, will continue to market its broad range of solutions-driven, technology-enabled wireless connectivity for wireless applications, from individual standardized and custom components to modules for comprehensive industrial wireless sensor networks and machine-to-machine (M2M) technology, under the RFM brand, as a wholly owned subsidiary of Murata Electronics North America Inc.

David M. Kirk, President and CEO of Murata Electronics North America, Inc., the Regional Headquarters of Murata Americas, said:

“We are happy for a timely deal close and excited to move forward to leverage RFM’s unique low-power technology, as well as their expertise in design and development of production-ready RF modules, SAW-based and RFIC short-range radios, and stand-alone radio systems. The markets—healthcare, energy, industrial, and M2M—in which RFM sells its products and solutions match Murata’s growth strategy.”

“We are excited to become part of such a quality organization as Murata. We look forward to this new chapter for RFM as a subsidiary of Murata Electronics North America Inc. With the combined resources of Murata, RFM will be able to take advantage of our market channels globally and in the development of innovative wireless solutions, particularly for the healthcare, energy, and industrial markets,” said Farlin A. Halsey, President and CEO of RFM.