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Kyocera and Nihon Inter Elercronics deal is done
Kyocera Corporation has completed its tender offer, which commenced July 31, 2015 and concluded Aug. 28, 2015, to acquire a majority interest in Nihon Inter Electronics Corporation.
Kyocera will acquire a 69.33% equity interest in Nihon Inter Electronics Corporation, a power-semiconductor manufacturer specializing in high-power industrial diodes and diode modules.
Kyocera will consolidate Nihon Inter Electronics Corporation as of September 4, 2015 in order to expand its businesses in power electronics — particularly for industrial equipment, such as DC-to-AC power inverters, and automotive electronics.
Kyocera and Nihon Inter Electronics Corporation will see R&D synergies by combining Kyocera’s ceramic device packages and epoxy molding compounds for semiconductors with the device technology of Nihon Inter Electronics Corporation.
