TDK targets EPCOS in €1.4bn deal
TDK and EPCOS have signed an agreement to combine their electronic components activities in a deal which values EPCOS at €1.4billion. TDK is launching a public offer for all outstanding shares of EPCOS and plans to move its passive components interests and those of EPCOS into a new company, provisionally called TDK EP Components.
Combining the components businesses will allow both companies to focus on strengthening their competitiveness. “The combination will create an industry leading global player,” claimed EPCOS’ president and ceo Gerhard Pegam, pictured.
Takehiro Kamigama, president and coo of TDK, said: “The customers, employees and shareholders of both companies will benefit from the combination of these two outstanding components companies which have decided to conduct their future business in the spirit of a merger of equals.”
