# Akoustis Technologies acquires wafer manufacturing facility in New York

Akoustis Technologies completed the acquisition of a 120,000 sq. ft. wafer manufacturing facility, 150-mm wafer fab tools, 57 acres of real property, and an ongoing MEMS business in Canandaigua, New York, from RF-SUNY and FRMC for $2.75 million in cash.

- Type: Acquisition
- Announced: 2017-06-27
- Where: Canandaigua, New York, United States
- Value: $2.75M
- Jobs: 28
- Status: completed
- 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/2017/06/27/1029440/0/en/Akoustis-Technologies-Completes-Strategic-Acquisition-of-New-York-Wafer-Manufacturing-Facility-and-Operation.html), 2017-06-27: "Akoustis Technologies, Inc. announced today it has completed the acquisition of assets from the Research Foundation for the State University of New York(RF-SUNY) and Fuller Road Management Corporation (FRMC), an affiliate of RF-SUNY."

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