# 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.

- Type: Acquisition
- Announced: 2019-07-01
- Where: Tokyo, Japan
- Value: $2.20B
- Status: announced
- Products: batch wafer processing systems
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [KKR & Co](https://endata.com/companies/7617.md) (investor)
- [KKR](https://endata.com/companies/16879.md) (investor)
- [Applied Materials](https://endata.com/companies/26975.md) (acquirer)
- [Kokusai Electric](https://endata.com/companies/40362.md) (target)

## Sources

- [ir.appliedmaterials.com](https://ir.appliedmaterials.com/news-releases/news-release-details/applied-materials-acquire-kokusai-electric/), 2019-07-01: "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."
- [firstpost.com](https://www.firstpost.com/tech/news-analysis/applied-materials-to-buy-japans-kokusai-to-bolster-memory-chip-business-6914961.html), 2019-07-01: "U.S. chip gear maker Applied Materials Inc on Monday agreed to buy Japanese peer Kokusai Electric for $2.2 billion from KKR & Co Inc."

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