Applied Materials to acquire Kokusai Electric for $2.2 billion

Applied Materials has agreed to acquire all outstanding shares of Kokusai Electric from KKR for $2.2 billion in cash. Kokusai Electric provides batch processing systems for semiconductor manufacturing and will operate as a business unit of Applied's Semiconductor Products Group.

“Applied Materials, Inc. today announced a definitive agreement under which Applied will acquire all outstanding shares of Kokusai Electric Corporation for $2.2 billion in cash from global investment firm KKR.”ir.appliedmaterials.com

• 2 sources
• ir.appliedmaterials.comApplied Materials to Acquire Kokusai Electric | Applied MaterialsJul 1, 2019
• firstpost.comApplied Materials to buy Japan's Kokusai to bolster memory chip business – FirstpostJul 1, 2019

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