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Electronics Production | October 15, 2007

Kemet completes acquisition of Arcotronics

KEMET Corporation today announced that it has completed its acquisition of Arcotronics Italia S.p.A., from Blue Skye (Lux) S.a r.l. The acquisition includes seven manufacturing facilities in Sasso Marconi, Monghidoro, and Vergato, Italy; Landsberg, Germany; Towchester, United Kingdom; Kyustendil, Bulgaria; and Anting-Shanghai, China.
Arcotronics brings revenue in excess of $200 million to Kemet "The addition of the Arcotronics Group to our Kemet family represents a significant strategic milestone for us as we advance toward our goal of becoming The Capacitance Company," said Kemet CEO Per-Olof Loof. "The combination will create a stronger global business and will give KEMET the clear market leadership position for film and paper capacitors in Europe. It also expands our current product portfolio, broadens our technologies, and allows us to better serve new and existing customers. It will also allow us to achieve a more balanced portfolio, increasing our focus on OEM customers with a particular emphasis in the industrial segment."

"Now that the purchase is complete, we will move quickly to capitalize on the synergies inherent in the combination, while delivering world-class products and services to our new and existing customers as seamlessly as possible," added Mr. Loof. "We are gaining a great deal of fine talent and expertise as part of this acquisition, and we are delighted to welcome the Arcotronics employees to the KEMET team."

KEMET paid euro 17.5 million for 100% of the outstanding share capital of Arcotronics, assumed net financial debt of approximately euro 100 million, and certain other liabilities of the company totalling approximately euro 32 million.

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