# Akoustis to acquire wafer manufacturing facility in New York

Akoustis Technologies signed definitive agreements to acquire a 120,000 sq. ft. wafer manufacturing facility in Canandaigua, New York, including MEMS business with $3M annual revenue, for $2.75 million cash.

- Type: Acquisition
- Announced: 2017-03-24
- Where: Canandaigua, New York, United States
- Value: $2.75M
- Status: announced
- Capacity: 120,000 sq. ft.
- Products: BAW RF filters, MEMS devices
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Akoustis Technologies](https://endata.com/companies/23059.md) (acquirer)
- [Research Foundation for the State University of New York](https://endata.com/companies/23060.md) (target)
- [Fuller Road Management Corporation](https://endata.com/companies/23061.md) (target)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2017/03/24/943890/0/en/Akoustis-Signs-Definitive-Agreement-to-Acquire-120-000-Sq-Ft-Wafer-Manufacturing-Facility-and-Operation-to-Internalize-Production-of-Its-Patented-Single-Crystal-BAW-RF-Filters.html), 2017-03-24: "Akoustis Technologies, Inc. announced today it has entered into binding, definitive agreements to acquire assets from the Research Foundation for the State University of New York and Fuller Road Management Corporation."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.