GREENVILLE, SC -- Kemet Corp. has completed its previously announced acquisition of Epcos AG's tantalum capacitor business for 86.5 million euros (approximately $103 million). Kemet is paying $81.3 million in cash and the rest in assumed liabilities and working capital adjustments.

The acquisition includes the Epcos tantalum capacitor manufacturing operation in Evora, Portugal, plus certain R&D, marketing and sales functions in various locations, primarily within Europe.

The deal does not include Epcos's tantalum capacitor manufacturing facility in Heidenheim, Germany.  Epcos' will continue to produce product exclusively for Kemet at the Heidenheim facility. Once the transition is completed, in September, Kemet will purchase the Heidenheim manufacturing assets.

About $93.5 million of the deal is tied to the closing. The remainder will be paid when the manufacturing and supply agreement expires in September.

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