TDK, a leading electronics company, has signed a definitive agreement to acquire HDD suspension manufacturer, Hutchinson Technology Incorporated (HTI), which will become a TDK Group company whose shares are 100% owned by a TDK subsidiary company in the US.
HTI manufactures components for HDD suspensions, including stainless steel etching parts, mount plate and trace-gimbal circuit. It also assembles these components into HDD suspensions, a key component of HDD heads.
The agreement is subject to HTI shareholder and regulatory approval and is currently expected to be completed during the first calendar quarter of 2016.