January 11, 2008 — Technitrol Inc. has agreed to acquire the capital stock of Sonion A/S, a producer of microacoustic transducers and micromechanical components for manufacturers of hearing instruments, advanced acoustic devices, medical devices and mobile communication devices in addition to MEMS microphone technology.
The purchase price is approximately $385 million in cash, based on current exchange rates. The acquisition will be financed through a new credit facility and cash on hand. Closing of the transaction is expected before the end of February 2008.