TDK Completes $1.3 Billion Cash Deal to Buy IoT Sensors Supplier InvenSense
TDK completed its acquisition of InvenSense for $1.3 billion cash, the companies said Thursday in a joint announcement. “Sensors are viewed as an important IoT-enabling technology, and sensor products and the technology portfolio of TDK will expand dramatically as a…
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result of its acquisition of InvenSense,” they said. “TDK will be able to create innovative next-generation products and provide a new platform with sensor fusion that combines various sensor technologies and software, so that it will be able to target more business opportunities as a strong player capable of providing a broad range of sensor solutions.” TDK will run InvenSense as a subsidiary and keep its management intact, the companies said.