TDK Corporation announces Acquisition

TOKYO, JAPAN -- (MARKET WIRE) -- Jun 01, 2005 --
Contact in TDK:
Nobuyuki Koike
TDK Corporation
Corporate Communications Dept.
Tel: (81)-3-5201-7102
E-mail; 
Email Contact

Acquisition of a Polymer Lithium Battery manufacturing and sales company
                             in Hong Kong

TOKYO JAPAN, June 1, 2005,---TDK Corporation (the "Company") today announces that it has completed the acquisition of Amperex Technology Limited ("ATL") (President: Dr. T.H.Chen, Headquarters: Hong Kong), a manufacturing and sales company of Polymer Lithium Battery, based in Hong Kong and having manufacturing sites in Dongguan, China.

With a purchase price of about US$100 million (JPY10.7 billion) which covers all the assets of ATL including cash on hand, the Company has now acquired 100% of ATL shares.

The acquisition this time was intended to obtain the operating base on which to develop TDK's materials technology in the field of energy, where growth is expected in the future. ATL has been specialized in the compact and yet flexible polymer lithium battery business, and has established a production system of stable quality based on its special know-how in materials technology and production engineering technology.


Facts about Amperex Technology Limited
   Location: Tsuen Wan, N.T., Hong Kong, SAR, PRC
   Establishment: July 1999
   Employees: Ca. 3,000
   Net Asset: Ca. US$50 million (JPY5.4 billion)
   Business: Manufacture and Sale of Polymer Lithium Battery

                                    - more -

About TDK

TDK Corporation (NYSE: TDK) is a leading global electronics company based in Japan. It was established in 1935 to commercialize "ferrite," a key material in electronics and magnetics. TDK's current product line includes ferrite materials, electronic components, wireless computer networking products, magnetic heads for HDD, and advanced digital recording media. For more information about TDK, please visit http://www.tdk.co.jp/tetop01/index.htm

# # #



                      This information is provided by RNS
            The company news service from the London Stock Exchange







Review Article Be the first to review this article

Harris

Featured Video
Jobs
Mechanical Engineer I for Air Techniques, Inc at Melville, NY
Proposal Support Coordinator for Keystone Aerial Surveys at Philadelphia, PA
Upcoming Events
GIS Cloud Workshop In Syracuse, New York at Syracuse NY - Aug 22, 2017
ENVI Analytics Symposium 2017 at The Brown Palace Hotel & Spa Denver Colorado - Aug 22 - 24, 2017
GeoSmart Asia 2017 at Putrajaya International Convention Centre (PICC) Putrajaya Malaysia - Aug 22 - 24, 2017
GENEQ
Teledyne Optech
University of Denver GIS Masters Degree Online
InterGeo 2017
InterDrone2017
CADalog.com - Countless CAD add-ons, plug-ins and more.



Internet Business Systems © 2017 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy