TDK Corporation (TSE:6762) announces that it has changed the name of its subsidiary EPCOS AG to TDK Electronics AG. The name change of EPCOS AG, the parent company of the EPCOS Group, goes into effect today, October 1, 2018, and will thus further strengthen the uniform market presence of the TDK Group.
In parallel with EPCOS AG, all other EPCOS entities worldwide will also be renamed. Because the country-specific legal requirements vary, the renaming process will likely take 9 to 12 months. These requirements will also have an impact on the individual company names, which in all cases will include TDK as an integral part of the names.
The new company names will have no effect on the EPCOS product portfolio, the organizational and business structure of the company, or the scope of its services.
About TDK Corporation
TDK Corporation is a leading electronics company based in Tokyo, Japan. It was established in 1935 to commercialize ferrite, a key material in electronic and magnetic products. TDK’s comprehensive portfolio features passive components such as ceramic, aluminum electrolytic and film capacitors, as well as magnetics, high-frequency, and piezo and protection devices. The product spectrum also includes sensors and sensor systems such as temperature and pressure, magnetic, and MEMS sensors. In addition, TDK provides power supplies and energy devices, magnetic heads and more. These products are marketed under the product brands TDK, EPCOS, InvenSense, Micronas, Tronics and TDK-Lambda. TDK focuses on demanding markets in the areas of information and communication technology and automotive, industrial and consumer electronics. The company has a network of design and manufacturing locations and sales offices in Asia, Europe, and in North and South America. In fiscal 2018, TDK posted total sales of USD 12 billion and employed about 103,000 people worldwide.