HORTEN, Norway --- The board of directors of Norwegian MEMS maker SensoNor ASA recommended Wednesday (May 28, 2003) that shareholders should accept an acquisition offer from Infineon Technologies Holding BV, a wholly owned Dutch subsidiary of Infineon Technologies AG.
SensoNor is one of the leading suppliers of automotive sensors and the offer is worth about $56 million (see May 20 story).
The board cited limited resources at the company's disposal and Infineon's stated intention to maintain the company's development and production facilities in Horten, in its recommendation.
The SensoNor board said that company would benefit from having a partner that can provide access to complementary technology for the next generation of products. Although SensoNor is best known for its automotive sensors, it also offers design and foundry services for MEMS used in telecommunications and biotechnology from its wafer fab in Horten.