Knowles Corporation Completes the Sale of Its Consumer MEMS Microphone Business to Syntiant
Knowles (NYSE: KN) has completed the sale of its Consumer MEMS Microphones business to Syntiant Corp. This transaction marks a significant milestone in Knowles' transformation into a premier industrial technology company. The company aims to focus on higher value markets where it can drive value through product design, process technology, and customized solutions at scale. The sale concludes the strategic alternatives evaluation for the business that was announced on September 18, 2023. Jefferies acted as exclusive financial advisor, while Sidley Austin LLP served as legal counsel for the transaction.
Knowles (NYSE: KN) ha completato la vendita della sua divisione di microfoni MEMS per consumatori a Syntiant Corp. Questa operazione rappresenta un traguardo significativo nella trasformazione di Knowles in una società tecnologica industriale di punta. L'azienda intende concentrarsi su mercati di maggior valore, dove può generare valore attraverso la progettazione dei prodotti, la tecnologia dei processi e soluzioni personalizzate su larga scala. La vendita conclude la valutazione delle alternative strategiche per l'attività, annunciata il 18 settembre 2023. Jefferies ha agito come consulente finanziario esclusivo, mentre Sidley Austin LLP ha fornito assistenza legale per la transazione.
Knowles (NYSE: KN) ha completado la venta de su negocio de micrófonos MEMS para consumidores a Syntiant Corp. Esta transacción marca un hito significativo en la transformación de Knowles en una empresa líder en tecnología industrial. La compañía busca enfocarse en mercados de mayor valor donde pueda generar beneficio a través del diseño de productos, la tecnología de procesos y soluciones personalizadas a gran escala. La venta concluye la evaluación de alternativas estratégicas para el negocio que se anunció el 18 de septiembre de 2023. Jefferies actuó como asesor financiero exclusivo, mientras que Sidley Austin LLP sirvió como consejero legal para la transacción.
노울스 (NYSE: KN)가 소비자 MEMS 마이크로폰 사업부를 신티안트 코프에 매각했다고 발표했습니다. 이 거래는 노울스가 주요 산업 기술 회사로 변모하는 중요한 이정표를 의미합니다. 회사는 제품 디자인, 공정 기술 및 맞춤형 솔루션을 대규모로 통해 가치를 창출할 수 있는 고부가가치 시장에 집중할 계획입니다. 이 판매는 2023년 9월 18일에 발표된 사업에 대한 전략적 대안 평가를 마무리합니다. 제퍼리스는 독점 재무 자문사로 활동했으며, 시들리 오스틴 LLP는 거래에 대한 법률 자문을 제공했습니다.
Knowles (NYSE: KN) a finalisé la vente de sa division de microphones MEMS pour consommateurs à Syntiant Corp. Cette transaction marque une étape importante dans la transformation de Knowles en une entreprise de technologie industrielle de premier plan. L'entreprise vise à se concentrer sur des marchés à plus forte valeur où elle peut générer de la valeur grâce à la conception de produits, à la technologie des processus et à des solutions personnalisées à grande échelle. La vente conclut l'évaluation des alternatives stratégiques pour l'activité annoncée le 18 septembre 2023. Jefferies a agi en tant que conseiller financier exclusif, tandis que Sidley Austin LLP a servi de conseiller juridique pour la transaction.
Knowles (NYSE: KN) hat den Verkauf seines Consumer-MEMS-Mikrofon-Geschäfts an Syntiant Corp abgeschlossen. Diese Transaktion stellt einen bedeutenden Meilenstein in der Transformation von Knowles zu einem führenden Industrie-Technologieunternehmen dar. Das Unternehmen möchte sich auf Märkte mit höherem Wert konzentrieren, in denen es durch Produktdesign, Prozesstechnik und maßgeschneiderte Lösungen in großem Maßstab Wert schaffen kann. Der Verkauf beendet die Bewertung strategischer Alternativen für das Geschäft, die am 18. September 2023 angekündigt wurde. Jefferies fungierte als exklusiver Finanzberater, während Sidley Austin LLP als rechtlicher Berater für die Transaktion tätig war.
- Strategic repositioning towards higher-value industrial technology markets
- Completion of business transformation initiative
- Divestiture of a major business segment potentially affecting revenue stream
Insights
The move aligns with broader industry trends where companies are increasingly focusing on specialized, high-value industrial applications rather than commoditized consumer products. This strategic realignment positions Knowles to better capitalize on growth opportunities in RF filters, capacitors and advanced medtech microphones - segments typically characterized by higher barriers to entry and more stable pricing power.
While the financial terms weren't disclosed, this exit from the consumer MEMS business should enhance operational efficiency and capital allocation flexibility. The company can now redirect resources toward its core industrial technology segments, potentially leading to improved returns on invested capital.
Syntiant, as an AI chip company, could potentially leverage the acquired MEMS technology for edge computing applications, while Knowles can now focus on specialized markets like medical technology where technical barriers and regulatory requirements create natural moats against competition.
The transformation into a "premier industrial technology company" suggests a deliberate move up the value chain, targeting applications where engineering expertise and customization capabilities command premium pricing. This repositioning could resonate well with institutional investors who favor companies with clear competitive advantages and sustainable market positions.
"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.
About Knowles
Knowles is a leading manufacturer of specialty electronic components. We design parts that perform unique, critical functions for innovative technologies. Through extreme reliability, custom engineering, and scalable manufacturing, we enable businesses to succeed in the most demanding applications across MedTech, Defense, and Industrial markets.
Our high-performance capacitors, RF/Microwave filters, advanced medtech microphones, balanced armatures, and miniaturization products enable and enhance the performance of technologies with the power to change, improve, and save lives. Founded in 1946 and headquartered in
For more information, please visit knowles.com.
About Syntiant
Founded in 2017 and headquartered in
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Financial Contact:
Sarah Cook
Knowles Investor Relations
Email: investorrelations@knowles.com
Source: Knowles Corporation
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