Dover Corporation acquired Knowles Electronics Holdings, Inc. for $750.0 million, a transaction completed in September 2005, structured as all cash.
Knowles Electronics Holdings, Inc. operates in Electronics (Components). Knowles Electronics Holdings, Inc. is a manufacturer of advanced micro-acoustic component products for the hearing aid and consumer electronics industries. Dover, through Dover Electronics, agreed to acquire all outstanding shares (announced August 2005; closed September 27, 2005). Knowles became Dover's micro-acoustics platform.
Knowles established Dover's micro-acoustic (MEMS microphone) components platform serving hearing aids and consumer electronics.
Electronics (Components)
Advisory firms were not disclosed for this transaction.