TOKYO, May 19 (Pulse News Wire) – TDK Corporation (6762.T) announced today that its subsidiary, Amperex Technology (Singapore) Pte. Ltd., acquired all shares of Linergy Power Sdn Bhd through a board resolution held.
This move aims to enhance global supply flexibility and support future growth within TDK's long-term vision, "TDK Transformation." Amperex Technology (Singapore) Pte. Ltd., based in Singapore, specializes in investments and financing for the ATL group companies involved in battery manufacturing. With a capital of $690 million, the acquisition of Linergy Power, which focuses on battery production, aligns with TDK’s strategy to meet diverse customer needs globally.
Linergy Power, established on December 19, 2024, holds a capital of $240 million. Under the agreement, Amperex Technology will acquire Linergy Power's ordinary shares worth $240 million, along with advisory fees amounting to approximately $1.1 million, totaling around $241.1 million. The transaction is expected to be completed on June 15, 2026.
This strategic move underscores TDK’s commitment to sustainable development and continuous transformation, aiming to strengthen its position in the secondary battery sector while contributing to societal advancements.
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