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Knowles: Buys Microphone Design Assets from ams AG

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Knowles: Buys Microphone Design Assets from ams AG

  • The purchase price of $58m paid from cash on hand
  • Knowles expects the acquisition to be accretive to non-GAAP diluted earnings per share beginning in the first quarter of 2020
  • Knowles Corporation is a market leader and global provider of advanced micro-acoustic and audio processing
  • The company also uses its position in MEMS microphones and capabilities in audio processing technologies to optimize audio systems and improve the user experience
  • Knowles is also the leader in acoustic components, high-end capacitors, and mmWave RF solutions for a diverse set of markets
  • Then the company focused on investing in high value solutions to diversify its revenue and increase exposure to high-growth markets

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