Product category:
AC/DC Power Supplies
News Release from: Lambda
Edited by the Electronicstalk Editorial
Team on 22 July 2005
TDK acquires Lambda
Lambda, the global power supply specialist based in Ilfracombe, UK, has been acquired from Invensys by TDK Corporation of Japan in a deal worth $235 million.
Lambda, the global power supply specialist based in Ilfracombe, UK, has been acquired from Invensys by TDK Corporation of Japan in a deal worth $235 million (GBP 134 million) The agreement, which was signed on 19th July 2005 and is subject to regulatory approval, includes Lambda's entire North American and European operations, as well as Invensys' current 58.2% shareholding in Densei Lambda in Japan
This article was originally published on Electronicstalk on 7 Jul 2008 at 8.00am (UK)
Related stories
General-purpose power supplies boost efficiency
The LS50, LS75 and LS100 have 88 to 264V AC inputs, while the LS150 is switch-selectable for 115 or 230V AC, minimising the cost.
Power supplies cater for short-term peaks
Units provide a very cost and space efficient solution compared with oversizing conventional power supplies just to handle the peak current.
The combination of TDK's existing power supply business with that of Lambda will create the second-largest power supply manufacturer in the world, with the largest market share in the industrial power sector by some considerable distance.
The new business will remain focused on providing its customers a market-leading power offering by taking advantage of Lambda and TDK's respective strengths.
Adam Rawicz, Managing Director of Lambda Europe, comments: "This offer from TDK demonstrates the corporation's faith in the future of Lambda's power supply business".
"Invensys has for some time been open about its intention to sell Lambda".
"We welcome the end of this uncertainty, and look forward to receiving a strong parent with significant investment resources focused on the high technology electronics business".
Lambda had sales of GBP 229 million last year, and an operating profit, before exceptional charges are deducted, of GBP 11 million.
The business will continue to operate globally through its engineering, manufacturing and sales channels to deliver competitive products for its customers.
The acquisition is expected to be complete by 30th September 2005. Request free introductory details about products from Lambda ...
• Lambda: contact details and other news
• Email this article to a colleague
• Register for the free Electronicstalk email newsletter
• Electronicstalk Home Page
Search the Pro-Talk network of sites
