SMYRNA, GA -- Murata has signed a definitive agreement to acquire RF Monolithics as the components manufacturer moves further into the medical and energy end-markets.

Murata will pay $1.78 per common share for RFM. The all-cash transaction is scheduled to close in the September quarter.

RFM had sales of $32 million for the fiscal year ended Aug. 11.

"RFM's proven success in developing business in the healthcare, energy and industrial markets compliments Murata's growth strategy," said David Kirk, president and CEO of Murata Electronics North America. "Leveraging RFM's expertise in design and development of production ready RF modules, SAW based & RFIC short-range radios, stand-alone radio systems and platforms for M2M applications will enable Murata to increase the value of the wireless module solutions delivered to Murata's existing and future customers."

Murata is the world's largest supplier of passive electronic components.

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