TDK (TYO:6762) has signed a definitive agreement to acquire Fabric8Labs, a developer of advanced electrochemical additive manufacturing (ECAM) technology, for up to $400 million in cash.
The acquisition will make Fabric8Labs a wholly owned subsidiary of TDK, and accelerate TDK's data center initiatives under its current medium-term plan, according to a statement on Wednesday.
By integrating Fabric8Labs' innovative 3D printing capabilities, TDK aims to deliver integrated thermal management, power components, and advanced packaging solutions to help data centers manage rising energy demands driven by AI.
The transaction, subject to regulatory clearances, builds on an existing relationship where TDK Ventures has supported Fabric8Labs since its seed stage.