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KEMET Corporation completed the acquisition of NEC TOKIN Corporation for JPY 16.2 billion (approximately $149.2 million). NEC TOKIN has been renamed TOKIN 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).