MANHASSET, N.Y. Kyocera Kinseki
Corp., a wholly owned subsidiary of Kyocera Corp., has decided to acquire Hertz Technology Inc., a supplier of crystal devices including tuning fork crystals, in a stock transaction.
Under the deal, Kyocera Kinseki entered into a share purchase agreement with existing shareholders of Hertz. Hertz is scheduled to change its name to Kyocera Kinseki Hertz Corp., effective Oct. 1.
Kyocera Kinseki develops and manufactures artificial crystal and crystal-applied products including crystal units, crystal oscillators, SAW filters, optical devices, etc. As a result of the acquisition of Hertz, Kyocera Kinseki will be able to integrate its own manufacturing technology with Hertz's basic technology and processing technology for tuning-fork crystals, and will be able to increase its manufacturing volume for crystal devices.
The acquisition will enable Kyocera Kinseki to expand its product lineup to include tuning-fork crystal units and enhance itsproducts for the wireless communication market.