Expansion of the inertial sensor business through the acquisition of InvenSense
First written in FY2017-Q3. 3 of 5 entries say "Advanced", first in FY2018-Q1. Latest entry: FY2018.
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- FY2018AdvancedAnnual report
「Upon completion of the purchase price allocation for the acquisition of InvenSense, Inc. and its subsidiaries in fiscal 2018, goodwill allocated to the sensor application products segment was ¥100,340 million.」
The purchase price allocation for the InvenSense acquisition was completed, with ¥100,340 million in goodwill and intangible assets, including technology and in-process research and development, allocated to sensor application products. - FY2018-Q3AdvancedAnnual report
「The sensor application products segment consists of temperature and pressure sensors, magnetic sensors and MEMS sensors. Revenue was ¥58,209 million, compared with ¥31,391 million in the same quarter of the previous year, an increase of 85.4% year on year. Sales for the ICT market increased as revenue from InvenSense, Inc. and its subsidiaries, whose acquisition was completed during the first quarter, was consolidated.」
Revenue from sensor application products, including consolidated revenue following the acquisition of InvenSense, increased 85.4% year on year, with the expansion of the sensor business, including the acquisition's effects, reflected in the nine-month results. - FY2018-Q1AdvancedAnnual report
「Sales of InvenSense, Inc. and its subsidiaries, whose acquisition was completed during the current cumulative first-quarter period, were consolidated, resulting in an increase in sales to the ICT market.」
Following completion of the acquisition on 18 May 2017, InvenSense revenue was included in consolidated first-quarter results for the first time, and higher sensor application product sales to the ICT market were reported. - FY2017AchievedAnnual report
「Under the agreement, the Company acquired all of InvenSense's shares for approximately US$1.3 billion on 18 May 2017, and InvenSense and its subsidiaries became consolidated subsidiaries of the Company.」
The acquisition of InvenSense was completed, from the signing of the acquisition agreement in December 2016 through the acquisition of 100% of its shares and its conversion into a consolidated subsidiary on 18 May 2017. - FY2017-Q3First statedAnnual report
「The Company entered into a definitive agreement on 21 December 2016 to acquire InvenSense, a company that develops and sells inertial sensors. Through the acquisition of InvenSense, a global inertial sensor company, the Company's sensor business will expand its product and technology portfolio and become a strong player across a broad range of sensor solutions for IoT, automotive and ICT applications, enabling it to create innovative next-generation products and provide new platforms. In addition, sensor fusion, which combines multiple sensor technologies and software to provide products with greater added value, will create further business opportunities. The acquisition will be carried out under U.S. corporate restructuring laws by merging InvenSense with a newly established subsidiary of the Company. Through this process, the Company will acquire 100% of InvenSense's shares by paying cash consideration to its existing shareholders. The acquisition price is expected to be approximately US$1,334 million, or US$13.00 per share. The acquisition will be funded with the Company's cash on hand.」
The Company entered into a definitive acquisition agreement on 21 December 2016 and announced plans to acquire 100% of InvenSense's shares for approximately US$1.334 billion in cash. The transaction was intended to expand into sensor solutions for IoT, automotive and ICT applications, next-generation products and sensor fusion, centered on inertial sensors.