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Knowles Corporation, a leading manufacturer of specialty electronic components for innovative technologies, including capacitors, radio frequency (RF) filters, advanced medtech microphones, and balanced armature speakers, announced that the sale of its Consumer MEMS Microphones business to Syntiant Corp has closed.
"I am pleased to complete the transaction with Syntiant and I would like to thank the Consumer MEMS Microphone teams around the world for their dedication and commitment to the business and to Knowles’ customers throughout the years, " said Knowles Chief Executive Officer Jeffrey Niew. "This transaction represents another significant milestone in Knowles' transformation into a premier industrial technology company focusing on higher value markets where we can continue to drive value through our product design, process technology and our ability to customize solutions for customers at scale."
The closing represents the final step in Knowles evaluation of strategic alternatives for the business, which was first announced September 18, 2023. Jefferies LLC served as exclusive financial advisor to Knowles and Sidley Austin LLP served as legal counsel.
