Akustica now under Bosch fold - CIOL News Reports

PORTLAND, USA: Robert Bosch North America has been bought out by MEMS microphone pioneer Akustica Inc. With the acquisition, Akustica will now be part of Germany-based MEMS division Bosch Sensortec GmbH. The buyout also means that all of Pittsburgh-based Akustica's employees will be hired by Bosch.

Post buyout, the new company will continue to operate as an independent, wholly-owned subsidiary at Akustica's US headquarters. Financial terms of the agreement were however not been revealed.

The two companies have said that the MEMS market will reach $2.5 billion worldwide by 2012, and that the microphone market is the fastest growing segment at annual rate of greater than 30 per cent, which they say is on track to ship a billion units by 2012.

According to Davin Yuknis, vice president of marketing at Akustica, the two companies will now be addressing the two largest market segments of the consumer MEMS market accelerometers with Bosch Sensortec and microphones from Akustica. These are the two fastest growing segments of the MEMS market in the consumer electronics segment, he said.

The deal has come close on the heels of Akustica's founder, chairman and CTO, Kaigham Gabriel being appointed deputy director of the Defense Advanced Research Projects Agency (Darpa).

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