Saturday, August 23, 2008

EPCOS and TDK

The EPCOS and TDK merger is of great interest to me. The combined companies will be named TDK EP and have about 3.8 billion Euros in Revenue, with about 1.44 billion coming from EPCOS,and the larger majority coming from TDK. The overlap is impressive, especially in inductors, varistors, and (somewhat) in MLCC. The prominance of the TDK brand is noted, however, it is generally agreed that TDK expense on brand is substantially greater than that of EPCOS. The electrolytic and film product group is really the subject of my focus now. It seems like and odd overall addition to the high volume groupings of TDK's MLCC and Chip Varistors; but the Power Film Group of EPCOS may have been of great importance to TDK's level of interest due to its exposure to the renewable energy markets.

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