CAMBRIDGE, UK Kionix, Inc of New York and Rohm Co., Ltd. of Kyoto, Japan, entered into a definitive agreement whereby Rohm will acquire all of the outstanding shares of common stock of Kionix. Upon completion of the acquisition, Kionix will become a wholly owned subsidiary of Rohm.
Rohm plans to operate Kionix as a stand-alone business under the Kionix name and brand with the full support and resources of the entire Rohm organization.
Already one of the world’s leading suppliers of micro-machined inertial sensors, Kionix will gain substantial market advantages through the addition of Rohm’s broad product offerings, IC design expertise, complementary new technologies, and financial strength.
The acquisition of Kionix accelerates Rohm’s growth as a leading global semiconductor company by the addition of MEMS technology and products representing multiple billions of dollars in market opportunities.
In particular, Rohm expects the Kionix acquisition will provide access to a market proven, broadly applicable MEMS platform technology and manufacturing capacity, with an experienced and successful management team and talented employee base.
Rohm will be able to leverage Kionix’s expertise in the design and development of high-performance MEMS devices as well as an extensive portfolio of licensed and internally developed intellectual property.
Kionix's technical service and support to its global customers should be strengthened by Rohm's global RD and design expertise and its worldwide quality assurance system.
Another benefit to Kionix will be to leverage Rohm’s purchasing and manufacturing scale to reduce production costs, ensure stability of supply chains and access new market opportunities.
Mr. Nobuo Hatta, Director, Member of the Board, Rohm, noted, “Kionix has pursued growth through development of its unique patented technology and introduction of innovative MEMS products to the market, a strategy that fits perfectly with our management philosophy.
We expect that Kionix will become a ‘Center of Excellence’ for Rohm in the U.S., and will make a significant contribution to Rohm as a strategically important base for business development.”
The closing of the transaction is subject to customary conditions, including the expiration or termination of any waiting periods under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. The companies expect the transaction to close early in the fourth quarter of 2009.