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TDK acquires Showa Denko's neodymium magnet alloy R&D business · Endata

◂ Announcements

Nov 27, 2018ACQUISITIONJapan

TDK acquires Showa Denko's neodymium magnet alloy R&D business

TDK Corporation reached an agreement with Showa Denko to acquire its neodymium magnet alloy R&D business sector, including equipment and patents, to accelerate development of high-performance rare earth magnets for EVs and other markets.

Status

Announced

Productsneodymium magnet alloyrare earth magnets

CompaniesShowa Denko Group target TDK Corporation acquirer

Sectors#Automotive Components #Industrial Machinery

“With the transfer agreement, TDK aims to accelerate the development of high-performance, high-quality rare earth magnets for growth markets including motors for electric vehicles (EVs).”tdk.com

1 source
tdk.comTDK acquires R&D business sector for magnet alloy from Showa Denko K.K. to complement TDK’s neodymium magnets | Press Releases | News Center |TDK GLOBALNov 27, 2018

Summarized from public sources; check the original articles before acting on it.

More from Showa Denko Group

Jan 28, 2021ACQUISITION
Apollo Global Management to acquire Showa Denko's aluminum can and rolling businesses
Showa Denko Group target Apollo Global Management acquirer privateequityinternational.com
Jun 4, 2019ACQUISITIONSwitzerland
Showa Denko acquires ILAG Industrielack
Showa Denko Group acquirer ILAG Industrielack target specchemonline.com
Feb 17, 2017NEW FACILITYYeongju, Gyeongsangbuk-do, South Koreaops Q3 2018
SK Materials and Showa Denko to build etching gas plant in Yeongju
Showa Denko Group partner SK Materials partner yna.co.kr
Feb 17, 2017EXPANSIONYeongju, Gyeongsangbuk-do, South Korea$132.0M105 jobsops Jul 2018
SK Materials to invest KRW 150.8B in Yeongju plant expansion
SK Materials Showa Denko Group partner yna.co.kr
Dec 15, 2016EXPANSIONVietnam
Showa Aluminium Can to start sleek can production in Vietnam
Showa Aluminium Can Corporation Showa Denko Group investor english.vov.vn
Nov 24, 2016ACQUISITIONHong Kong SAR China
Showa Denko acquires nonstick coatings maker GMM Group
Showa Denko Group acquirer GMM SpA target coatingsworld.com

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