may take full control of NEC Tokin through a third payment, based on a multiple of six times the target's EBITDA for the trailing 12 months, less the prior considerations.
Per Loof, chief executive officer of KEMET
, said, 'This acquisition is in keeping with our announced strategic direction to vertically integrate operations and to better control supply sources as well as to contain our cost structure.
In addition to the initial price, Kemet
will provide deferred payments of USD45m over a 30-month period after completion and will also pay an aggregate sum of USD10m in quarterly royalty fees for tantalum powder produced by Niotan.
will pay an initial purchase price of USD50m at the closing of this first transaction for a 34% economic interest and a 51% voting interest in NT.
Bill Sloka, KEMET
specialty products manager, said, 'KEMET
's Pulse Detonation capacitors offer higher and more uniform breakdown voltage performance than competitive products, resulting in increased yields in customer field applications.
It has been a unit of Cornell-Dubilier Marketing, part of the Cornell group of companies, KEMET
Jayson Young, KEMET
technical product manager for polymer capacitors, said, 'The release of our T522 Series highlights KEMET
's continued commitment to capacitor technology advancements in the areas of portable electronics and other applications seeking improved battery life.
Corporation (NYSE: KEM), a manufacturer of tantalum, ceramic, aluminum, film, paper and electrolytic capacitors, has installed an electric and hybrid plug-in vehicle charging station at its Simpsonville, South Carolina headquarters.
M2 EQUITYBITES-May 23, 2011-tw telecom to provide Gigabit Ethernet Service for KEMET
Corporation(C)2011 M2 COMMUNICATIONS http://www.m2.com
Boutros Ghali Foundation - Kemet
Foundation CAIRO - 29 August 2019: The Kemet
Boutros Ghali Foundation for Peace and Knowledge has lauded President Abdel Fattah El Sisi's sustained efforts to support stability and achieve a sustainable development in Africa, through strengthening constructive and balanced cooperation with world countries.