A big non-semiconductor consolidation: TDK to acquire InvenSense for1.3B
Passive, sensor and specialty electronics component maker TDK to acquire InvenSense for a total acquisition price of US$ 1.3 billion. TDK said the acquisition will be completed through a merger of a newly created subsidiary of TDK with and into InvenSense, with InvenSense continuing following the merger as a wholly-owned subsidiary of TDK.
IoT is a fast growing big market for sensors. TDK is well rooted in sensor market. TDK after strategically identifying sensors and actuators, energy units and next-generation electronic components as three key product areas targeting Internet of Things (IoT) market, has made this acquisition, which is in line with TDK's strategy of strengthening its sensor solutions for IoT, automotive and ICT.
InvenSense makes six-axis and nine-axis motion sensors and also inertial, environmental, microphone, and ultrasonic sensors. InvenSense, a fabless mems sensor vendor gets its sensors fabricated from other manufacturing facilities.
TDK’s President and CEO, Mr. Shigenao Ishiguro said “TDK’s sensor business, one of its strategic growth areas, can be strengthened by merging TDK’s portfolio of magnetic sensor technologies (where its strength lies) and its wide range of sensor products with InvenSense’s expanding sensor technology. This acquisition is a fundamental element in TDK’s strategy to provide unique and high-value-added products and services in IoT. We aim to become a strong player in the sensor business with InvenSense as our perfect partner.”