Becomes a Leading Global Sensor Solutions Provider
TOKYO & SAN JOSE, Calif.-Thursday, May 18th 2017 [ ME NewsWire ]
(BUSINESS WIRE)-- TDK Corporation (President and CEO: Shigenao Ishiguro, “TDK”) and InvenSense, Inc. (President and CEO: Behrooz Abdi, “InvenSense”) announce that TDK has completed the all-cash acquisition of InvenSense.
The acquisition price was $13.00 USD per InvenSense share, and the total acquisition price was approximately $1.3 billion USD.
TDK currently focuses on three market segments: automotive, industrial equipment & energy, and information & communications technology (ICT). As part of its strategy for growth in these key areas, TDK has identified sensors and actuators, energy units and next-generation electronic components as three product areas for strategic growth aimed at unlocking new business opportunities in the sphere of the Internet of Things (IoT). Sensors are viewed as an imp
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