Murata Buys VTI as EQT Exits

Japanese electric parts maker Murata Manufacturing Co. is paying 20 billion yen ($261 million to buy Finland's VTI Technologies, Reuters reported. Private equity group EQT III, one-third owned by holding company Investor AB, said it has agreed to sell all shares in VTI, which makes sensors used in cars and pacemakers, Reuters wrote. Kyoto-based Murata supplies components to Apple and Nokia as well as major automakers.

DealsNorth AmericaUSBriefs