Murata, VTI Technology, completes purchase
Murata completes the purchase of VTI Technology
News Release from:
Murata Electronics (UK) Ltd.
31 January 2012
Murata Manufacturing Co., Ltd. announced it has completed the acquisition of VTI Technologies Oy by Murata Electronics Europe B.V., a full subsidiary of Murata Manufacturing Co., Ltd. on January 31st. MEMS (Micro Electro Mechanical Systems), a core technology of VTI, is key for reducing device size, increasing accuracy and reliability, extending service life, increasing strength, 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 the automotive industry and medical applications. This acquisition will therefore enhance Murata’s development and sales abilities.
Tsuneo Murata, President of Murata Manufacturing Co., Ltd comments, “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.”
“'We are pleased that Murata has a Development and Manufacturing location in Europe again. The addition of VTI's sensor products to Murata's portfolio means that we will be able to not only closely support our existing European customers requirements, but also combine the MEMS technology with other Murata technologies to be able to offer advanced solutions into exciting new applications.” comments Terry Churcher, President of Murata Electronics Europe.
“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,” says Markku Hirvonen, President and CEO of VTI.