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AVX Corporation Announces a Definitive Agreement to Acquire KUMATEC

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    Designing with High Voltage Resistors: 10 Top Tips for Success

    API Delevan Introduces 0402 and 0603 Small High Reliability Space SMD Inductors

    KYOCERA AVX Antenna Simulation Models are now Available in Ansys Simulation Software

    Optimization of 500W LLC Transformer – Case Study

    Flex Suppressor Explained and its Applications

    Exploring the Benefits of High-Performance MLCC Capacitors for Aerospace and Defense

    Murata Establishes Joint Venture Company to Produce MLCC Raw Materials

    Examining the Influence of ESR and Ripple Current on Selecting the Suitable Capacitor

    SABIC Validates its 150°C Film Foil to Enable Adoption of Film Capacitors in SIC Power Modules

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    • Ripple Current
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    Investigating Modeling Techniques of Class II Ceramic Capacitors Losses for High Voltage and Current Applications

    Understanding Basics of Current Sense Resistors

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    How to Measure Rated Current on Power Inductors

    LTspice Simulation of a Spark-Gap Circuit Protection Surge Arrester

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AVX Corporation Announces a Definitive Agreement to Acquire KUMATEC

5.4.2018
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Source: AVX news

FOUNTAIN INN, S.C. – April 4, 2018 — AVX Corporation (NYSE: AVX) today announced that its subsidiary, AVX Interconnect Europe GmbH (“AVX Interconnect”), a limited liability company under German law, has signed a definitive agreement to acquire KUMATEC Sondermaschinenbau & Kunststoffverarbeitung GmbH (“KUMATEC”), a limited liability company under German law. KUMATEC develops, constructs and manufactures automation equipment and processes plastic components.

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Included in the purchase is KUMATEC’s 50% interest in KUMATEC Hydrogen GmbH Co. KG (“KUMATEC Hydrogen”), a limited liability partnership under German law, which was recently spun out of KUMATEC.

The purpose of the partnership is the development, marketing and supply of hydrogen fuel generation and delivery solutions and other related services. After closing, the partnership will be renamed AVX/KUMATEC Hydrogen GmbH Co. KG.

John Sarvis, President and Chief Executive Officer of AVX Corporation, stated, “The acquisition of KUMATEC and our joint venture in the hydrogen business is an exciting opportunity for AVX which will provide us additional manufacturing capabilities and new business opportunities.”

In accordance with the share purchase and transfer agreement, AVX will acquire all of KUMATEC shares for a consideration of EUR 12.5 million. The transaction is subject to regulatory approvals and other conditions that are customary for transactions of this type, and is expected to close at the end of April, 2018.

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