TE Connectivity Buying SMI
By Mike Brezonick23 September 2019
Measurement Specialties Inc., a subsidiary of TE Connectivity Ltd., announced it has signed a definitive agreement to acquire Silicon Microstructures Inc. (SMI) from Elmos Semiconductor AG. No financial details were provided and the agreement, subject to customary closing conditions, is expected to close this calendar year.
The acquisition of SMI is intended to expand TE’s global position in pressure sensing technology, particularly in transportation, industrial and medical applications. Upon completion, the transaction would bring together SMI’s micro-electromechanical 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’s Sensor Solutions business unit. “The MEMS low pressure sensing capability compliments TE’s pressure offering while strategically aligning to its market and application focus.”