TDK Corporation has acquired Hutchinson Technology

TDK Corporation has acquired Hutchinson Technology for US$245.1 million.

TDK Corporation is a Japanese multinational electronics company that manufactures electronic materials, electronic components and recording and data-storage media. Through its Milpitas, California-based subsidiary Headway Technologies, Inc., TDK Corporation designs and manufactures recording heads for high performance hard disk drives.

Hutchinson Technology is a designer and manufacturer of precision components for electronic devices, specializing in suspension assemblies for hard disk drives (HDD). It sells suspension assemblies primarily to HDD original equipment manufacturers. The company is headquartered in Hutchinson, Minnesota, with additional operations in Wisconsin (USA) and Thailand.

One of Oaklins' teams in California acted as financial advisor to the buyer in this transaction.

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KEY DEAL CONTACTS

Jason Kimball

United States

Associate

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Ilana Germaine

United States

Director

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Jason Kimball

United States

Associate

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Ken Fukumoto

United States

Associate

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Stephen Perry

United States

Managing Director

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