Murata Closes Deal to Acquire RF Monolithics
Murata Electronics North America Inc. and its parent company Murata Manufacturing Co. Ltd. recently announced that the deal to acquire RF Monolithics Inc. (RFM) has closed. The cash transaction paid the holders of RFM common shares $1.78 per share. RFM, headquartered in Dallas, Texas, will reportedly continue to market its range of solutions-driven, technology-enabled wireless connectivity for wireless applications under the RFM brand as a wholly owned subsidiary of Murata Electronics North America Inc.
“We are happy for a timely deal close and excited to move forward to leverage RFM’s unique low power technology, as well as their expertise in design and development of production-ready RF modules; SAW-based and RFIC short-range radios; and stand-alone radio systems,” said David M. Kirk, president and CEO of Murata Electronics North America Inc.