FORT LAUDERDALE, FL – Yageo Corp. completed the acquisition of Kemet Corp., acquiring all outstanding shares of Kemet’s common stock for $27.20 per share in an all-cash transaction, with an equity value of approximately $1.6 billion.

As a result of the transaction, Kemet is now a wholly owned subsidiary of Yageo.

Kemet supplies electronic components and has 21 manufacturing facilities and approximately 12,500 employees. Kemet’s products include tantalum capacitors, ceramic capacitors, magnetic, sensors and actuators, and film and electrolytic capacitors. Applications include automotive electronics, industrial applications, aerospace, medical, as well as smartphones, cloud/networking equipment, wireless communications, alternative energy and 5G technology.

Yageo now provides passive electronic components, including polymer, tantalum, ceramic, film and electrolytic capacitors, chip resistors, circuit protection, as well as magnetics, sensors and actuators.

The combined company will have 42 manufacturing plants and 14 dedicated R&D centers.

“The closing of this transaction is the culmination of an extensive process by the Kemet board in an effort to enhance value for Kemet’s stockholders,” said William M. Lowe, Jr., CEO of Kemet. “Kemet as part of the Yageo family will be well positioned to continue as a leading global provider of passive electronic components.”

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