TDK Corp. is spending as much as $400 million to buy Fabric8Labs Inc., a US startup that’s developed a technology that can be used to improve data-center cooling systems.
The Tokyo-based supplier of batteries for Apple Inc.’s iPhones will acquire all shares of the San Diego-based company in a cash transaction consisting of an upfront payment and earnouts spanning several years. It’s a key part of TDK’s medium-term plan for growth and its data center initiatives, the company said on Wednesday.
Jim Tran, CEO of TDK USA, discusses the company’s plans to acquire US startup Fabric8Labs. Bloomberg: The Asia Trade
Established in 2015 and now numbering about 150 staff, Fabric8Labs has developed a ...
