EQT III, the current owner of VTI Technologies Oy, has agreed to sell VTI to the publicly listed Japanese electronic components company Murata Manufacturing Co., Ltd. VTI Technologies Oy is a leading supplier of acceleration, inclination and angular motion sensor solutions for transportation, medical, instrument and consumer electronics applications. After the completion of the transaction VTI will become a fully owned subsidiary of Murata Manufacturing.
“We believe VTI and Murata have a strong strategic fit and are excited about the opportunity of combining VTI’s product development and manufacturing competence with Murata’s well-built customer base and technological know-how”, says Markku Hirvonen, President and CEO of VTI.
Read more: http://www.vti.fi/
