- Yageo is rated as the third-largest multi-layer ceramic capacitors (MLCC) supplier in the world
- The company had acquired America-based Pulse Electronics in 2018
Taiwan-headquartered Yageo has received green signals from China’s anti-trust authorities to acquire America-based Kemet. The former was given a green signal for the same by the Committee on Foreign Investment in the United States during April 2020.
It is believed that Yageo’s capacitor production will rise up by approximately 50 per cent once the acquisition is done. Kemet owns 23 production sites in 22 countries, including the U.S., Europe and Asia.
“The transaction is expected to close in the third quarter of 2020, subject to additional customary closing conditions,” read Yageo’s official statement.
Yageo is rated as the third-largest multi-layer ceramic capacitors (MLCC) supplier in the world. It is also Taiwan’s largest passive electronics component maker.
Portfolio includes products for automotive electronics to smartphones
Established in 1919 and headquartered in Fort Lauderdale, Florida, Kemet is a global supplier of high-end electronic components. Kemet’s main products include tantalum capacitors, ceramic capacitors, magnetic, sensors and actuators, and film and electrolytic capacitors.
These serve serve a number of applications, such as advanced automotive electronics, industrial applications, aerospace, medical, as well as smartphones, cloud/networking equipment, wireless communications, alternative energy and 5G technology.
Yageo, during the last quarter of 2019, had announced that it was acquiring Kemet for US$ 27.20 per share in an all-cash transaction with total equity valued about US$ 1.64 billion. The transaction was unanimously approved by the boards of directors of both the companies.
Acquired America-based Pulse Electronics in December 2018
Yageo had completed the acquisition of Pulse Electronics in December 2018. The former had said that, with acquistion of Pulse Electroncis, it expects to continue to expand the company’s operating scale, obtain more advanced technologies to enhance its international competitiveness, provide faster and more efficient service for global customers, and create higher value for the industry and the shareholders.
The company had spent about US$ 740 million for this acquisition.
“The acquisition of KEMET will enable Yageo to leverage Kemet’s presence and success in Japan through the consolidation synergy of Kemet and Tokin; Increase Yageo’s presence providing advanced products to the automotive electronics, 5G networking and communications, robotics and automation and industrial segments, including power supply; and Scale KEMET’s business in Greater China and ASEAN region through Yageo’s regional presence and sales channels,” read Yageo’s official statement.
