TE announces acquisition of MEMS pressure sensor manufacturer Silicon Microstructures
According to reports, TE Connectivity will acquire Silicon Microstructures, a MEMS pressure sensor manufacturer based in California.
Silicon Microstructures has a 25-year history and was acquired by Elmos Semiconducto in 2001. Silicon Microstructures has its own MEMS fab in California, which develops and manufactures MEMS pressure and flow sensors for industrial and automotive applications, including those specifically designed for ultra-low voltage, ultra-high voltage, harsh environments and space-constrained applications. In addition, Silicon Microstructures expands its healthcare business with products such as IntraSense, which are used for in vivo pressure measurement of invasive medical devices such as catheters and endoscopes.
Anton Mindl, CEO of Elmos Semiconductor, said in a statement: "The IntraSense family of products has now reached a certain stage, and through a well-funded and broad-based market partner, it can occupy the market faster and expand revenue. ”
According to Elmos, the sale of Silicon Microstructures will mark the discontinuation of Elmos' MEMS business. Elmos will focus on its core semiconductor business, primarily for automotive communications, security, powertrain and networking applications.
TE will complete the transaction through its Measurement Specialties subsidiary in Pennsylvania, USA, and Silicon Microstructures will be part of Measurement Specialties. Measurement Specialtiesshi is a sensor manufacturer and was acquired by TE in 2014. The deal combines Silicon Microstructures' MEMS design and manufacturing capabilities with Tyco Electronics' operational scale, customer base and existing sensor portfolio to create synergies.
The transaction is expected to be completed by the end of 2019. As of the date of publication, the parties have not disclosed the specific amount of the transaction.