Neways Successfully Completes Acquisition of Philips Micro Devices

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Neways, the global innovator in mission-critical technology for semicon, defense & mobility, and connectivity sectors, announced the successful closing of its previously announced acquisition of Philips Micro Devices. The transaction has now been completed following satisfaction of all closing conditions.

Micro Devices is recognized for its advanced microsystems technologies in the defense, semicon and medical sectors. For Neways, this acquisition adds industry-leading customers under long-standing strategic partnerships to its already strong and growing customer portfolio. Combining Micro Devices’ capabilities and experience with Neways’ technologies, scale and global footprint, we will be able to accelerate innovation and deliver even more comprehensive solutions to our customers.

“Today marks an important milestone in our growth trajectory,” said Hans Büthker, CEO of Neways. “We are pleased to welcome the Micro Devices team into the Neways family. Their technological know-how, strategic customer relationships and innovative culture are excellent complements to Neways’ capabilities. With the transaction now closed, we look forward to accelerating innovation, broadening our solutions offering and delivering even greater value to our customers worldwide.”