TDK plans to acquire Linergy Power, a Malaysia-based lithium-ion rechargeable battery startup, to boost capacity for AI storage cells and expand its energy solutions business [1, 2]. The purchase will be carried out by TDK’s Singapore-based unit, Amperex Technology (Singapore) Pte Ltd, for around US$240-241.1 million [1, 2].
Linergy Power was established on December 19, 2024. It is wholly owned by China-based Ampace Technology Ltd [2]. For the financial year ended March 31, 2026, Linergy Power reported consolidated net assets of US$217.31 million, a net loss of US$22.67 million, and consolidated net sales of US$178,030 [2].
The acquisition aims to diversify and expand TDK's supply base and strengthen customer trust by offering a flexible global supply structure [1, 2]. This deal will increase TDK’s ability to supply AI-related battery cells amid growing demand.
TDK announced the acquisition plans and signed the agreement on May 18 and 20, 2026 [2]. The transaction’s share transfer and acquisition completion are scheduled for June 15, 2026 [2].
Sources differ slightly on the exact purchase price, with figures ranging from US$240 million to US$241.1 million [1, 2].
