Dover Corporation acquired Sound Solutions (NXP) for $779.3 million, a transaction completed in July 2011, structured as all cash.
Sound Solutions (NXP) operates in Communication Technologies, is based in Vienna, Austria and Beijing, China. The Sound Solutions business of NXP Semiconductors N.V. was acquired (announced December 22, 2010; closed July 2011) for net purchase consideration of approximately $779.3 million. By enhancing product offerings for the high-growth handset market, the acquisition expanded Dover's Communication Technologies (Knowles) microphone business.
Sound Solutions enhanced Dover's micro-acoustic / handset microphone offering within Knowles.
Communication Technologies
Advisory firms were not disclosed for this transaction.