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Yageo Corp. completes Kemet Corp. acquisition

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Taiwan-based electronic component manufacturer Yageo Corp. acquired electronic supplier Kemet Corp. in an agreement announced today.

The merger allows Yageo to acquire all outstanding shares of Kemet’s common stock for $27.20 per share with an equity value of roughly $1.6 billion, according to news release. Through the acquisition, Yageo and its new subsidiary will provide end-market passive electronic components through what Kemet calls “an enhanced global footprint.”

Kemet relocated its headquarters from Greenville to Fort Lauderdale, Fla., in 2017, but the company still has a plant in Simpsonville.

“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,” William Lowe, CEO of Kemet, said in the release. “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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