M&A Deal Summary

Knowles Acquires Cornell Dubilier

On November 2, 2023, Knowles acquired manufacturer Cornell Dubilier

Acquisition Highlights
  • This is Knowles’ 1st transaction in the Manufacturing sector.
  • This is Knowles’ 2nd transaction in the United States.
  • This is Knowles’ 1st transaction in South Carolina.

M&A Deal Summary

Date 2023-11-02
Target Cornell Dubilier
Sector Manufacturing
Buyer(s) Knowles
Deal Type Add-on Acquisition

Target

Cornell Dubilier

Liberty, South Carolina, United States
Cornell Dubilier is a designer and manufacturer of custom high-energy discharge capacitors used in a wide range of medical, military, and commercial pulsed energy applications. Cornell Dubilier was formed in 1933 and is based in Liberty, South Carolina.

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Buyer(S) 1

Buyer

Knowles

Itasca, Illinois, United States

Category Company
Founded 1946
Sector Semiconductors
Employees7,100
Revenue 708M USD (2023)
DESCRIPTION

Knowles is a provider of hearing aid transducers and low voltage integrated circuit design, electronic controls and sensors, and precision manufacturing. It has facilities in seven countries spread over North America, Europe and Asia, with its largest operations located in the United States, China, and Malaysia. Knowles was founded in 1946 and is based in Itasca, Illinois.


DEAL STATS #
Overall 3 of 3
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (South Carolina) 1 of 1
Country (United States) 2 of 2
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-23 ams AG - Microphone Design Assets

Unterpremstaetten, Austria

ams AG - MEMS microphone ASIC design business includes intellectual property, rights to source ASIC wafers from multiple foundry partners.

Buy $58M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-19 Knowles - Consumer MEMS Microphone Division

United States

Knowles' Consumer MEMS Microphone Division designs and manufactures micro-electro-mechanical systems (MEMS) microphones, known as SiSonic™, which enable voice control communications and superior audio recording for customers across the ear, compute, IoT, and smartphone market segments.

Sell $150M