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Kyocera Kinseki acquires Hertz Technology

Posted: 21 Jul 2006 ?? ?Print Version ?Bookmark and Share

Keywords:acquisition? Kyocera Kinseki? Kyocera? Hertz Technology? crystal filter?

Kyocera Kinseki Corp., a wholly-owned subsidiary of Kyocera Corp., said it plans to acquire Hertz Technology Inc. as a wholly-owned subsidiary to enhance its crystal products business. At the same, Kyocera Kinseki entered into a share purchase agreement with existing shareholders of Hertz. Hertz is scheduled to change its name to Kyocera Kinseki Hertz Corp. on October 1.

As a result of the acquisition, Kyocera Kinseki will be able to integrate its own manufacturing technology with Hertz's basic technology and processing technology for tuning-fork crystals, and will be able to increase its manufacturing volume for crystal devices. In addition, Kyocera Kinseki will be able to expand its business by adding tuning-fork crystal units to its products lineup.

Hertz manufactures and markets crystal devices, including crystal units for ham radios and crystal filters. The company also supplies surface mount type tuning-fork crystal units.

Kyocera Kinseki is a crystal device manufacturer that develops artificial crystal and crystal-applied products, including crystal units, crystal oscillators, SAW filters and optical devices.

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