Knowles Corporation to Acquire Audience Inc.

Knowles Corporation, a provider of micro-acoustic solutions and specialty components, has stated its intent to acquire Audience Inc. This transaction, according to the company, will expand Knowles' expertise in intelligent audio and signal processing solutions.

Additionally, it will enable the company to deliver comprehensive audio solutions to its customers.

“We are excited to acquire Audience’s world-leading engineering talent focused on audio processing solutions for mobile devices,” said Jeffrey Niew, President and CEO of Knowles. “This acquisition will benefit our customers and shareholders by broadening our intelligent audio offerings, and will uniquely position us to deliver end-to-end solutions for acoustics – from microphones to signal processing to speakers. These solutions will deliver better performance for our customers and drive higher dollar content as we create new applications for the mobile consumer market. In addition, we expect to realize annualized cost synergies of approximately $25 million and expect the transaction to be accretive by Q4 of 2016.”

For more information, visit Knowles Corporation.

Sources: Press materials received from the company and additional information gleaned from the company’s website.