KYOTO, Japan and SAN DIEGO, CA -- Murata Electronics North America, Inc., a wholly owned subsidiary of Murata Manufacturing Co., Ltd., (TSE 6981) and Peregrine Semiconductor Corporation announce that Murata has acquired all outstanding shares of Peregrine. The cash transaction paid the holders of Peregrine common shares $12.50 per share.
Peregrine (formerly NASDAQ: PSMI) will continue to market its high-performance, integrated RF solutions under the Peregrine brand, as a wholly owned subsidiary of Murata Electronics North America, Inc. Peregrine solutions leverage the UltraCMOS® technology platform, a patented, advanced form of silicon-on-insulator (SOI) that delivers the monolithic integration and superior performance necessary to solve the world's toughest RF challenges. Peregrine will continue to offer its integrated RF solutions to markets such as communications (mobile, wireless infrastructure, land mobile radio, broadband and wireless), industrial (test and measurement, automotive, Internet of Things) and aerospace. With the close of this acquisition, Murata gains Peregrine's strong intellectual property portfolio, which contains over 180 filed and pending patents.
"Today, we deepen our existing partnership and officially welcome Peregrine Semiconductor to the Murata family," says Norio Nakajima, Executive Vice President, Director of Communication Business Unit of Murata. "With this acquisition, we combine Murata's world-leading mobile RF module capabilities with Peregrine's best-in-class RF products. We're eager to leverage Peregrine's innovations, such as the industry's first reconfigurable RF front-end system UltraCMOS Global 1, and expand the Murata business into all the markets that Peregrine currently offers RF solutions. This acquisition further defines our stance as an 'Innovator in Electronics'."
"After years of a successful partnership, we're happy to become a part of the Murata team, the world's leading RF module and filter provider," says Jim Cable, PhD, President and CEO of Peregrine Semiconductor. "Murata already has deep relationships and trust built in all of our target markets. We believe we can offer their customer base exciting new RF capabilities. With the reach of Murata products and the power of our UltraCMOS technology, we believe we will change the course of RF history. In the case of mobile, it will speed the industry's transition to an integrated, all-CMOS RF front-end. Together, we're looking forward to accomplishing great things."