Japan-based electronics company TDK Corp plans to acquire Malaysia-based lithium-ion rechargeable battery start-up Linergy Power Sdn Bhd for US$241.1 million as part of its strategy to expand its core energy solutions business.
In a statement, TDK said its Singapore-based subsidiary, Amperex Technology (Singapore) Pte Ltd, will fully acquire Linergy Power following approval from the group’s board on Wednesday.
The agreement is expected to be signed on the same day, with the share transfer scheduled to be completed by June 15.
Following the acquisition, Linergy Power will become a wholly owned subsidiary of TDK.
According to the Companies Commission Malaysia, Linergy Power is wholly owned by China-based lithium-ion battery supplier Ampace Technology Ltd. The company was established on Dec 19, 2024.
TDK said the acquisition complements its energy solutions business, where the company has focused on developing high-value battery products for a diverse customer base.
The group added that the acquisition would strengthen its global supply chain capabilities and improve its ability to meet growing customer demand.
“Through the acquisition of shares, the company will be able to offer a flexible global supply structure capable of responding to the diverse needs of customers. This will further strengthen customer trust, propel further growth in the business, and accelerate the realisation of ‘TDK Transformation’,” the company said.
Linergy Power recorded consolidated net assets of US$217.31 million as of end-March 2026.
For the financial year ended March 31, 2026, the company posted a net loss of US$22.67 million and net sales of US$178,030.
