TDK to acquire InvenSense for $1.3 billion

TDK Corporation agreed to acquire all outstanding shares of InvenSense for $13.00 per share, totaling $1.3 billion, to strengthen its sensor and actuator product portfolio for IoT, automotive and ICT markets.

“Sensors are viewed as an important IoT-enabling technology and TDK envisions greatly expanding this portion of its business and providing a broad range of sensor solutions”ecworld.ru

• 2 sources
• ecworld.ruTDK to acquire InvenSenseDec 21, 2016
• telecompaper.comTDK to acquire InvenSense for USD 1.3 billion - TelecompaperDec 22, 2016

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