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TDK to acquire Lambda Power Division from Invensys

Posted: 21 Jul 2005 ?? ?Print Version ?Bookmark and Share

Keywords:power supply? lambda? invensys?

The restructuring of the global power supply industry has taken another turn as Japan-based TDK Corp. has agreed to acquire the Lambda Power Division from London-based Invensys plc. for $235 million.

The Lambda Power Division is considered a leading global power supplier, comprising Lambda USA, Lambda Europe, Densei-Lambda KK, and several other entities. It had sales of $437 million in the fiscal year ended March 2005.

Under the agreement, TDK will take over sole ownership of Lambda's power businesses in the U.S and Europe, while acquiring 58 percent of the shares of Densei-Lambda KK. The merger is expected to combine the technology, sales and marketing capabilities of the Lambda power businesses with the electronic materials expertise of TDK.

TDK's acquisition of Lambda is the latest acquisition in the power supply industry. Last September, C&D Technologies acquired the Power Systems Division of electronic manufacturing services provider Celestica Inc. of Canada for an unspecified amount of cash.

- Spencer Chin

EE Times





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