# 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.

- Type: Acquisition
- Announced: 2018-11-27
- Where: Japan
- Status: announced
- Products: neodymium magnet alloy, rare earth magnets
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Showa Denko Group](https://endata.com/companies/577.md) (target)
- [TDK Corporation](https://endata.com/companies/15441.md) (acquirer)

## Sources

- [tdk.com](https://www.tdk.com/en/news_center/press/20181127_01.html), 2018-11-27: "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)."

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