Knowles Corporation (NYSE: KN), a market leader and global provider of advanced micro-acoustic, audio processing, and precision device solutions, has announced it has acquired the MEMS microphone ASIC design business from ams AG, the company said.
The transaction includes intellectual property, rights to source ASIC wafers from multiple foundry partners, and the transfer of the ASIC design team, which will continue to be based in Switzerland.
The purchase price of USD 58 million was paid from cash on hand. Knowles expects the acquisition to be accretive to non-GAAP diluted earnings per share beginning in the first quarter of 2020, and intends to provide additional details regarding this acquisition during its Q4 earnings call.
Knowles is a market leader and global provider of advanced micro-acoustic, audio processing, and precision device solutions, serving the mobile consumer electronics, communications, medical, defense, automotive, and industrial markets. For more information, visit knowles.com.