TDK to acquire AM company Fabric8Labs in $400M deal
TDK Corporation, Tokyo, Japan, has entered into a definitive agreement to acquire Fabric8Labs, based in San Diego, California, USA, for up to $400 million. Upon closing, Fabric8Labs will become a wholly owned subsidiary of TDK.
Fabric8Labs uses its proprietary electrochemical Additive Manufacturing (ECAM) technology to produce metal components for a range of sectors, including data centres, aerospace, electronics and photonics.
“Joining TDK Group will give us the resources to scale our technology globally and to supply our current and future Tier 1 customers with the solutions they need with confidence in our ability to scale while we remain focused on our core mission,” stated Jeff Herman, CEO of Fabric8Labs.
The acquisition is reported to represent a key part of TDK’s strategic investment programme and aligns with its current medium-term plan, which aims to accelerate its data centre initiatives. The move will enable TDK to expand its offering with an integrated solution incorporating mission-critical technologies, including thermal management components for data centre cooling systems. The company expects this to facilitate rapid business scale-up within a few years.
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Furthermore, by exploring applications for TDK’s passive components, the company aims to ensure that data centres can manage the escalating data volumes and massive energy consumption needed to enable the social transformation driven by AI.
Noboru Saito, President & CEO, TDK Corporation, added, “This acquisition marks a pivotal step in accelerating TDK’s value creation. By harmonising our technologies with Fabric8Labs’ innovative capabilities, we will be uniquely positioned to provide customers with innovative thermal management systems, high-efficiency power components, and advanced packaging techniques that define the next generation of data centre performance.”
