Applied Materials is buying Kokusai Electric for $2.2 billion from global investment firm KKR, which acquired it in 2017. The transaction is expected to close within a year.
Applied Materials Inc. said it is acquiring Kokusai Electric Corp. for $2.2 billion from global investment firm KKR & Co.
Like Applied Materials, Kokusai is a producer of semiconductor-manufacturing equipment. Following the close of the transaction, Kokusai Electric will operate as a business unit of Applied Materials’ Semiconductor Products Group and continue to be based in Tokyo.
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