Kioxia to Acquire Chubu Toshiba Engineering

TA Associates Acquires FD Technologies (KX) in £570M All-Cash Deal

May 8, 2025

Data & Analytics

TA Associates has reached an agreement to acquire the entire issued and to be issued ordinary share capital of FD Technologies plc (owner of KX) in an all-cash transaction valuing the company at approximately £570 million. The acquisition, completed via a newly formed Bidco owned by funds advised by TA, gives TA a majority stake while existing shareholders retain a meaningful minority interest and will support KX's acceleration of product innovation and expansion across data- and AI-intensive verticals.

Tata Consulting Engineers Acquires CDI Engineering Solutions from AE Industrial Partners

January 8, 2025

Engineering Services

Tata Consulting Engineers (TCE) has completed the acquisition of CDI Engineering Solutions, a Houston-based multi-discipline EPCM and engineering firm, from private equity firm AE Industrial Partners. CDI, with 600+ employees and eight engineering centers, expands TCE's U.S. footprint and strengthens its capabilities in energy transition, semiconductors and advanced manufacturing.

QIA Takes Minority Stake in Kokusai Electric Corporation

June 22, 2023

Manufacturing

Qatar Investment Authority (QIA), via its subsidiary Qatar Holding LLC, has taken a minority stake in Japan-based semiconductor equipment manufacturer Kokusai Electric Corporation, acquiring shares from global investment firm KKR. The investment supports Kokusai's role in advanced deposition and treatment equipment amid rising demand from data centers, AI and other high-growth semiconductor end markets.

Applied Materials to Acquire Kokusai Electric for $2.2B (Raised Offer to $3.5B)

January 4, 2021

IT Services

Applied Materials has agreed to acquire Kokusai Electric for $2.2 billion in cash from KKR, with the deal expected to close within a year subject to regulatory approvals. A later report said Applied increased its offer to $3.5 billion and extended the closing deadline to March 19 to secure Chinese regulatory approval.

HEICO Corporation Acquires Connect Tech Inc.

August 19, 2020

Manufacturing

HEICO Corporation's Electronic Technologies Group acquired 89.99% of Connect Tech Inc. for cash, with potential additional earn-out consideration. Connect Tech will continue operating from its 20,000-square-foot facility in Guelph, Ontario; founder David Worthen remains president and retains the minority stake, and the business (≈65 employees) will support HEICO's capabilities in rugged embedded computing for aerospace, defense, transportation and smart energy markets.

H.I.G. Capital Acquires CXtec and TERACAI

August 29, 2016

IT Services

H.I.G. Capital (through an affiliate) has acquired CABLExpress Corporation d/b/a CXtec and TERACAI Corporation, both headquartered in Syracuse, New York. The acquisitions combine CXtec’s refurbished networking hardware, data center cabling manufacturing and aftermarket maintenance capabilities with TERACAI’s systems-integration and IT infrastructure services to accelerate product and service expansion and growth.