Taiwanese publicly listed company Silitech Technology Corporation (Taiwan Stock Exchange: 3311, hereinafter referred to as “Silitech Technology”) announced on March 14, 2025, that it has successfully completed a public tender offer for FDK Corporation (Tokyo Stock Exchange: 6955, hereinafter referred to as “FDK”), a subsidiary of Fujitsu Limited and a publicly listed company in Japan. The acquisition has met the expected number of shares to be acquired, resulting in Silitech Technology holding a 45% stake in FDK.
Purpose of M&A
Silitech Technology, established in Taiwan, specializes in the research, development, and production of electronic components and battery products. The company actively expands into international markets to enhance its global competitiveness.
FDK, founded in 1950, focuses on the manufacturing, sales, and export of various types of batteries and electronic devices. Its business also includes battery modules, energy storage systems, and next-generation battery/energy-related electronic devices.
Post-Acquisition Plans and Impact
• Business Strategy: Maintain FDK's listing on the Tokyo Stock Exchange while strengthening collaboration between the two companies and expanding operations.
• Financial and Operational Impact: The acquisition will enhance synergies between Silitech Technology and FDK, contributing to higher net asset value per share and increased earnings.
This acquisition marks Silitech Technology’s further expansion into international markets, expected to provide stronger growth momentum and a competitive edge for the company.
Acquisition Terms
Number of Shares Acquired: 15,527,400 shares, accounting for 45% of FDK’s outstanding shares.
Purchase Price: JPY 435 per share.
Payment Method: Full cash payment.
Funding Source: Silitech Technology’s own funds.
Schedule
February 13, 2025: Public tender offer officially begins.
March 13, 2025: Public tender offer period ends.
March 14, 2025: Announcement of successful acquisition.
Within five business days after completion: Payments to selling shareholders will be processed.
