Acquisition will add to TE Connectivity Sensors offering in medical, transportation and industrial applications for a wide range of global customers.
SCHAFFHAUSEN, Switzerland – September 23, 2019 – Measurement Specialties Inc., a subsidiary of TE Connectivity Ltd. (NYSE: TEL), a global industrial technology company with leading positions in connectivity and sensing solutions, signed a definitive agreement on September 20 to acquire Silicon Microstructures Inc. from Elmos Semiconductor AG (XTRA: ELG). The agreement is subject to customary closing conditions; the parties expect to close the transaction this calendar year.
The acquisition of Silicon Microstructures will expand TE’s global leadership in pressure sensing technology, particularly in medical, transportation, and industrial applications. Upon completion, the transaction would bring together SMI’s micro-electro-mechanical systems (MEMS) sensor technology design and manufacturing capabilities, with TE’s operational scale, customer base and existing sensors technologies into a more comprehensive global sensing solutions offering for customers.
“Silicon Microstructures’ MEMS pressure sensing design and manufacturing capability is utilized in various applications requiring miniature design and high-performance packaging,’ said John Mitchell, senior vice president and general manager of TE Connectivity Sensors business unit. “The MEMS low pressure sensing capability compliments TE’s pressure offering while strategically aligning to its market and application focus.”
About Silicon Microstructures Inc.
Silicon Microstructures, Inc. is an ISO/IATF certified premier developer and manufacturer of MEMS-based pressure sensors offering unique solutions for pressure and flow sensing. SMI empowers invasive medical devices with ultra-small sensors for in vivo pressure measurement. With more than 25 years of experience SMI’s design, production and quality control processes have enabled it to develop both the lowest pressure and smallest pressure sensors available on the market today. Learn more at www.si-micro.com.
About Elmos Semiconductor AG
Elmos develops, produces and markets semiconductors and sensors, primarily for use in the automotive industry. Our components communicate, measure, regulate and control safety, comfort, powertrain and network functions. For over 30 years, Elmos innovations have been bringing new functions to life and making mobility worldwide safer, more comfortable and more energy efficient. Learn more at www.elmos.com.
TE Connectivity is a global industrial technology leader creating a safer, sustainable, productive and connected future. Our broad range of connectivity and sensor solutions, proven in the harshest environments, enable advancements in transportation, industrial applications, medical technology, energy, data communications and the home. With approximately 80,000 employees, including more than 7,500 engineers, working alongside customers in approximately 140 countries, TE ensures that EVERY CONNECTION COUNTS. Learn more at www.te.com and on LinkedIn, Facebook, WeChat and Twitter.