Murata Manufacturing Co., Ltd announced today that its U.S. subsidiary Murata Electronics North America, Inc. made an agreement with Resonant Inc. a leading company in FR filter design, to acquire Resonant and concluded the merger agreement on February 15, 2022.
Regarding the reasons for the acquisition, Murata stated in the announcement that, as announced in a press release dated October 3, 2019, Murata and Resonant entered into an agreement to exclusively develop high-frequency filters for specific frequencies using Resonant’s XBAR technology and have been conducting joint development. With this Acquisition, Murata believes that it can further strengthen its position a s a leader in telecommunications market by combining the filter technology, process technology, and manufacturing capabilities Murata has cultivated in electronic components such as SAW filters and I.H.P. SAW filters with Resonant’s XBAR technology to provide even better high-frequency filters.
The Boards of Director s of Murata and Resonant have already approved the Acquisition. The Acquisition is expected to be completed in late March 2022, assuming that the terms and conditions under the U.S. antimonopoly Act and other general prerequisites are met.
After the acquisition is completed, Resonant will become an indirect wholly owned subsidiary of Murata.