Silitech Technology Corporation (Taiwan Stock Exchange: 3311, hereinafter referred to as "Silitech Technology") resolved on February 12, 2025, to publicly acquire the common shares of FDK Corporation (Tokyo Stock Exchange: 6955, hereinafter referred to as "FDK"), a subsidiary of Fujitsu Limited, listed in Japan. The purpose of this acquisition is to enhance operational efficiency through resource integration, expand the product portfolio, and increase the customer base and market size.
Purpose of M&A
Silitech Technology, established in Taiwan, is primarily engaged in the production and sales of electronics and high-tech products. The company has a stable business foundation in international markets and continues to expand its market share.
FDK was founded in 1950, and its main business areas include the manufacturing, sales, and export of various batteries and electronic devices, as well as battery modules, energy storage systems, and next-generation batteries/energy devices.
The primary goal of this acquisition is to enhance Silitech Technology’s operational scale and international competitiveness. By acquiring FDK, Silitech Technology aims to integrate resources, bring new product lines and growth momentum, and further expand its customer network and sales market. It is expected that the acquisition will strengthen the cooperation between the two companies.
Acquisition Terms
The acquisition price is 435 yen per share, to be paid in cash. The number of shares to be acquired is 15,527,400 common shares of FDK, which represents approximately 45% of the total outstanding shares of FDK. After the completion of the acquisition, FDK will continue to be listed on the Tokyo Stock Exchange.
Schedule
February 13, 2025: Public acquisition begins
March 13, 2025: Public acquisition ends (if extended, the deadline will be adjusted based on the extension period)
Within five business days after the completion of the acquisition, Silitech Technology will complete the payment.
