VTI Technologies Acquired by Murata Manufacturing

By Janina Salo on 13 Oct, 2011 12:22

EQT III, the current owner of VTI Technologies Ltd, has agreed to sell VTI to the publicly listed Japanese electronic components company Murata Manufacturing Co., Ltd. After the completion of the transaction VTI will become a fully owned subsidiary of Murata Manufacturing.

Under EQT III ownership since 2002, VTI has increased its sales by more than 75%, reaching a record high turnover of 75.8 million euros in 2010. The company has strengthened its position as the global market leader in low-g automotive sensors and as the leading supplier of MEMS sensors for pacemakers. During recent years, VTI has strongly developed new MEMS (Micro Electro Mechanical Systems) solutions for consumer electronics and built an external supply chain in Asia.

"EQT III has been a supportive owner and provided VTI with valuable resources and expertise throughout their ownership. We believe VTI and Murata have a strong strategic fit and 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. "By adding VTI's market leading 3D MEMS products to Murata's existing sensor product lineup, Murata aims to achieve synergies that will help to strengthen and expand its sensor business", says Mr. Tsuneo Murata, President of Murata Manufacturing.

The closing of the acquisition is subject to approvals from competition authorities and is expected to take place in less than six months from now.

About Murata

Murata Manufacturing Co., Ltd. is a worldwide leader in the design, manufacture and sale of ceramic-based passive electronic components and power supply modules. With annual revenues of ¥618 billion (approx.. EUR 6 billion), Murata is committed to the development of advanced electronic materials and leading edge, multi-functional, high-density modules. The company has employees and manufacturing facilities throughout the world. For more information, please visit www.murata.com.

Location: Vantaa, FinlandWebsite: http://www.vti.fiVTI Technologies creates solutions that improve safety and security, health and quality of life. Established in 1991, the company is the world's leading designer and manufacturer of silicon capacitive acceleration and pressure sensors. The success of its products is based on the company's own unique 3D MEMS technology.

VTI operates globally in numerous continents and countries. Since 30 January 2012, VTI is owned by Murata Manufacturing.
Location: Helsinki, FinlandWebsite: http://www.eqt.fiEQT is a group of private equity funds with operations in Northern and Eastern Europe, Asia and the US. Activities focus on buy-outs, growth financing, special situations and infrastructure. The funds have a unique industrial approach and a strong record of delivering superior returns over time. EQT has raised approximately EUR 13 billion since 1994 and invested some EUR 7 billion in more than 70 companies.

EQT’s strategic vision is to provide the most successful investment organization and network of industrialists in those markets in which the funds operate by combining entrepreneurship, industrial thinking and financial discipline. The funds invest in companies in which EQT can act as a catalyst for change and growth and to transform companies into global or regional leaders by making genuine and sustainable improvements.

The approach of the Equity, Expansion Capital and Infrastructure Funds is to acquire or finance high-quality, market-leading, medium-sized companies in growth industries with a potential for top-line growth and to contribute to their industrial acceleration. In special situations, the funds focus on applying the industrial acceleration approach to companies that have a sound underlying business and a clear value-creation potential but face problems that require financial support and special expertise to resolve.
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