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Tdk To Acquire Qeexo To Enable Complete Smart Edge Platforms

Jan 04, 2023•over 2 years ago

Acquiring Company

TDK Corporation

Acquired Company

Qeexo

ElectronicsManufacturingMachine LearningArtificial IntelligenceSoftware

Description

TDK Corporation (TSE: 6762) (CEO & President: Noboru Saito, hereinafter "TDK") announced that today TDK has agreed to acquire Qeexo, Co. (CEO: Sang Won Lee, hereinafter "Qeexo"), a U.S.-based venture-backed company spun out of Carnegie Mellon University engaged in the automation of end-to-end machine learning for edge devices. As a result of the acquisition, Qeexo will become a wholly owned subsidiary of TDK, subject to customary closing conditions, including approval of the Committee on Foreign Investment in the US (CFIUS).

Company Information

Company

TDK Corporation

About

TDK Corporation is a world leader in electronic solutions for the smart society based in Tokyo, Japan. Built on a foundation of material sciences mastery, TDK welcomes societal transformation by resolutely remaining at the forefront of technological evolution and deliberately "Attracting Tomorrow." It was established in 1935 to commercialize ferrite, a key material in electronic and magnetic products. TDK's comprehensive, innovation-driven portfolio features passive components such as ceramic, aluminum electrolytic and film capacitors, as well as magnetics, high-frequency, and piezo and protection devices. The product spectrum also includes sensors and sensor systems such as temperature and pressure, magnetic, and MEMS sensors. In addition, TDK provides power supplies and energy devices, magnetic heads and more. These products are marketed under the product brands TDK, EPCOS, InvenSense, Micronas, Tronics and TDK-Lambda. TDK focuses on demanding markets in automotive, industrial and consumer electronics, and information and communication technology. The company has a network of design and manufacturing locations and sales offices in Asia, Europe, and in North and South America. In fiscal 2022, TDK posted total sales of USD 15.6 billion and employed about 117,000 people worldwide.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed