M&A Deal Summary

TDK Acquires Hutchinson Technology

On November 2, 2015, TDK acquired technology hardware company Hutchinson Technology for 126M USD

Acquisition Highlights
  • This is TDK’s 1st transaction in the Technology Hardware sector.
  • This is TDK’s 3rd largest (disclosed) transaction.
  • This is TDK’s 1st transaction in the United States.
  • This is TDK’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2015-11-02
Target Hutchinson Technology
Sector Technology Hardware
Buyer(s) TDK
Deal Type Add-on Acquisition
Deal Value 126M USD
Advisor(s) BofA Securities (Financial)
Faegre Baker Daniels LLP (Legal)

Target

Hutchinson Technology

Hutchinson, Minnesota, United States
Hutchinson Technology is a global supplier of critical precision component technologies. As a key supplier of suspension assemblies for disk drives, HTI helps customers improve overall disk drive performance and meet the demands of an ever-expanding digital universe. Through its new business development initiatives, HTI focuses on leveraging its unique precision manufacturing capabilities in new markets to improve product performance, reduce size, lower cost, and reduce time to market.

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Buyer(S) 1

Buyer

TDK

Tokyo, Japan
Category Company
Founded 1935
Sector Electronics
Employees101,453
Revenue 2.10T JPY (2024)
DESCRIPTION

TDK is an electronics company. TDK commercialize ferrite, a key material in electronic and magnetic products. TDK's portfolio includes electronic components, modules and systems* marketed under the product brands TDK and EPCOS, power supplies, magnetic application products as well as energy devices, flash memory application devices, and others. TDK was founded in 1935 and is based in Tokyo, Japan.

DEAL STATS #
Overall 1 of 5
Sector (Technology Hardware) 1 of 2
Type (Add-on Acquisition) 1 of 4
State (Minnesota) 1 of 1
Country (United States) 1 of 2
Year (2015) 1 of 2
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-10 Chiba Styrene Monomer

Tokyo, Japan

Chiba Styrene Monomer Ltd. is a manufacture of styrene monomer which used to make resins and synthetic rubber, with an annual production capacity of 270,000 tons. The company is based in Tokyo, Japan.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-17 TDK-Micronas

Freiburg, Germany

TDK-Micronas GmbH is a provider of semiconductor solutions for automotive and industrial business as a reliable global partner for intelligent, sensor-based system solutions. The company serves all major automotive electronics customers worldwide, many of them in long-term partnerships for lasting success.

Buy Fr.214M
Mergr

Product

Company

Legal