January 31, 2012 - BUSINESS WIRE -- Murata Manufacturing Co., Ltd. (TOKYO:6981, ISIN:JP3914400001) completed its acquisition of VTI Technologies Oy, via Murata Electronics Europe BV, a full subsidiary. VTI's core micro electro mechanical systems (MEMS) technology will enable smaller, more accurate, more reliable, lower-power devices, Murata noted.
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.
"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," said Tsuneo Murata, president of Murata Manufacturing Co., Ltd.
While Murata has a strong presence in the consumer applications market, VTI has focused on building a business base in automotive and medical applications, for which MEMS are increasingly used.
Read more about the deal: VTI Technologies sold to Murata Manufacturing
VTI Technologies Oy is headquartered in Finland, with operations in Germany, China, Japan, and the US. It has 547,000 euro (as of December 31, 2010) capital and annual sales of 76 million euro (for the fiscal year ended December 31, 2010). The company employs about 600 people.
Murata Electronics Europe BV, based in the Netherlands,, has 220 million euro (as of January, 2012) capital. Murata Manufacturing Co., Ltd. designs, manufactures and sells 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). Learn more at http://www.murata.com/.