TDK to acquire Malaysia’s lithium-ion rechargeable batteries firm Linergy Power at $240M

Japanese electronics firm TDK will acquire 100 percent of the ordinary shares of Malaysia’s lithium-ion rechargeable batteries firm Linergy Power Sdn Bhd at $240 million. TDK said in a statement on Tuesday that Amperex Technology (Singapore) Pte. Ltd., a subsidiary of the company engaged in the rechargeable battery business, will acquire the stake. Upon completion of the transfer, Linergy Pwer will become a wholly-owned subsidiary of TDK. In May 2024, TDK formulated a long-term vision aimed at further enhancing corporate value over the next decade, underscoring its commitment to accelerating contributions to societal transformation while continuously evolving the company itself to help realize a sustainable future. Furthermore, the company released a Medium-term Plan that represents its three-year action plan and has been driving business in accordance with that vision. In the core Energy Solution Business, the company has continually introduced high value‑adding new products to the market through cutting‑edge technological development of small and medium capacity batteries, building trust among a diverse customer base. Notably, in the middle capacity battery business, the company has leveraged its accumulated technologies and know‑how to develop and supply products tailored to customer needs, thereby differentiating itself and expanding the business. Through the acquisition of shares, the company will be able to offer a flexible global supply structure capable of responding to the diverse needs of customers. This will further strengthen customer trust, propel further growth in the business, and accelerate the realization of “TDK Transformation. TNB commissions Malaysia’s first grid-connected BESS