TDK Corp has agreed to acquire InvenSense for $1.33 billion in cash.
TDK is a Japan-based maker of electronic components. InvenSense is a U.S. company that primarily makes gyroscopic motion sensors for mobile devices. Its sensors are most often found in smartphones from Apple and Samsung.
The gyroscopes enable games and other apps that require movement calculations. TDK is already a large supplier of smartphone components. It expects to combine InvenSense’s sensors with its own portfolio of magnetic, pressure, temperature, and microphone sensors. TDK sees the acquisition as a way to reach new customers.
The deal has been approved by both companies’ boards, but requires regulatory approval.
