# KEMET to acquire NEC TOKIN from NEC Corporation

KEMET Corporation signed a definitive agreement to acquire NEC TOKIN Corporation from NEC Corporation for JPY 6.0 billion (approximately $52.5 million). The acquisition is expected to close on or about April 10, 2017. NEC TOKIN will also sell its EMD division to NTJ Holdings 1 Ltd. for approximately JPY 48.2 billion ($422 million).

- Type: Acquisition
- Announced: 2017-02-23
- Where: Japan
- Value: $52.5M
- Status: announced
- Products: passive electronic components
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [NEC](https://endata.com/companies/17906.md) (partner)
- [KEMET Corporation](https://endata.com/companies/22429.md) (acquirer)
- [NEC TOKIN Corporation](https://endata.com/companies/22430.md) (target)
- [Japan Industrial Partners](https://endata.com/companies/22431.md) (investor)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2017/02/23/926904/0/en/KEMET-Announces-Agreement-to-Acquire-NEC-TOKIN.html), 2017-02-23: "KEMET Corporation announced today that it has signed a definitive agreement and is targeting a closing date on or about April 10, 2017 to complete the acquisition of NEC TOKIN Corporation from NEC Corporation."
- [sec.gov](https://www.sec.gov/Archives/edgar/data/887730/000088773017000011/fy2017_q4xform8kxntacquisi.htm), 2017-02-23: "On February 23, 2017, KEMET Electronics Corporation entered into a definitive stock purchase agreement with NEC Corporation to acquire all of the outstanding shares of common stock and preferred stock of NEC TOKIN Corporation not already held by KEMET."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.